Bank Muscat in association with Visa has introduced a new feature to improve debit card security for online transactions.
The new feature, known as Verified by Visa, provides an extra layer of security for online transactions by reducing the possibility of fraud for the transactions.
To avail the service, customers are required to visit the bank’s website and create their password.
Registration for the new service is mandatory by 30 September 2014 and online transactions on unregistered cards at participating merchants after this date will be declined.
Participating merchants are the merchant websites that display the ‘Verified by Visa’ mark.
Tariq Atiq, AGM – Cards & eBanking at Bank Muscat, said: "Bank Muscat cards are in conformity with international standards and the ‘Verified by Visa’ feature ensures online transactions using Bank Muscat debit cards are more secure than ever before. In line with the government’s ambitious e-Government project, Bank Muscat is focused on making payments by cards both a habit and preference, thereby ensuring convenience and security for all card transactions.
"The wide range of Bank Muscat cards ensures a more secure option to pay with cards worldwide. With this feature, Bank Muscat customers can now use their debit cards for a host of online shopping transactions like hotel bookings, airline bookings, bill payments etc. and feel even more comfortable with the added security of Verified by Visa."
During registration of Verified by Visa, customers will be requested to create a password.
When engaging in online transactions at participating merchants, customers will be required to provide their password to complete the transaction.