If you are someone who frequently shops online or makes payments through credit cards, you may have come across the terms VBV and NON VBV. What
These are security protocols that are used by banks to prevent fraud and protect their customers’ sensitive information. In this article, we will delve deeper into the meaning of VBV and NON VBV and how they work. What is VBV,
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What is VBV?
VBV stands for Verified by Visa. It is a security protocol that is used by banks to add an extra layer of protection to online transactions made through Visa credit cards.
VBV requires the cardholder to enter a unique password or a one-time code to authenticate the transaction. This means that even if someone manages to steal the credit card details, they cannot complete the transaction without the VBV password or code.
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VBV is designed to prevent fraud and protect customers’ sensitive information. By using VBV, banks can significantly reduce the risk of unauthorized transactions and keep their customers safe from financial fraud.
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What is NON VBV?
NON VBV, on the other hand, refers to transactions that are made without the Verified by Visa security protocol. In other words, NON VBV transactions do not require the cardholder to enter a password or a one-time code to authenticate the transaction.
This means that NON VBV transactions are more vulnerable to fraud, as they are easier to complete without the need for additional security measures.
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NON VBV transactions are typically used for low-risk transactions, such as small purchases or recurring payments. However, they can also be used for high-risk transactions, such as large purchases or international transactions.
Which is better: VBV or NON VBV?
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When it comes to online transactions, VBV is always the better option. VBV provides an extra layer of security that can significantly reduce the risk of fraud and protect customers’ sensitive information. With VBV, customers can shop online with confidence, knowing that their transactions are secure and protected.
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However, there may be situations where NON VBV transactions are necessary, such as when making recurring payments or small purchases. In these cases, it is important to be aware of the risks and take steps to protect your sensitive information.
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Conclusion
In conclusion, VBV and NON VBV are security protocols that are used by banks to protect their customers’ sensitive information and prevent fraud.
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VBV provides an extra layer of security by requiring the cardholder to enter a unique password or a one-time code to authenticate the transaction. NON VBV transactions, on the other hand, do not require this additional security measure and are more vulnerable to fraud.
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If you are someone who frequently shops online or makes payments through credit cards, it is important to be aware of the security protocols in place and take steps to protect your sensitive information.
By using VBV whenever possible and being cautious when using NON VBV transactions, you can keep your financial information safe and secure.