Net Shoppers Bullied Into "Verified By Visa" Program 302
bluefoxlucid writes "According to The Register, several banks are forcing users to opt-in to the Verified by Visa optional service by locking their cards if and when they encounter a Verified by Visa participating site and fail to opt-in. Register reader Steve says, 'This seems like a strange way to implement a voluntary system. On most of the retailers' websites there is no clue that you are about to be challenged by Verified by Visa until you attempt to complete the transaction. This means that you trigger the "fraud protection" unintentionally. And when you have located a retailer who doesn't require Verified by Visa to complete a purchase, you can't because your account is on hold.' Further, '[I]n some cases resetting the password is all too easy. Fraudsters know this and go after these credentials which, once obtained, make it harder for consumers to deny responsibility for a fraudulent transaction. Phishing scams posing as Verified by Visa sites have sprung up targeting these login credentials.'"
This is why I use American Express (Score:2, Funny)
Also, I like the fact my card is clear!
Out on a limb (Score:3, Funny)
sounds like change to Mastercard (Score:1, Funny)
Re:Out on a limb (Score:5, Funny)
I buy all my hookers and blow locally.
Re:sounds like change to Mastercard (Score:5, Funny)
Driving your customers to the competitor: Priceless. :-P
Cheers
I came across this as well... (Score:3, Funny)
but slightly different. My bank never informed me that they were implementing it or of what this program even was so I never signed up for it online. Sometimes I could cancel the order and it would go through anyways (good to see the software is working properly, lol). But after a while that stopped working. Several sites wouldn't let me purchase anything unless I did sign up for it. So I either had to go to some shoddy shady website to buy what I needed (if the option even existed) and end up possibly paying more, or sign up for this, yet another, "layer of protection" for my account. By the time I'm middle aged my account will be so wrapped up in layers it'll look like a Michelin Man Mummy.
Re:Out on a limb (Score:5, Funny)
I buy all my hookers and blow locally.
I doubt the blow is produced locally, unless you meant to say methamphetamine? Either way I applaud you for helping to support your local Escalade driving youths!
Re:Out on a limb (Score:5, Funny)
People not even willing to make one small change in their habits make me sick.
Fortunately, you buy your antacids locally, so his buying habits directly benefit your community. The system works!
Re:Out on a limb (Score:5, Funny)
Re:Out on a limb (Score:3, Funny)
I buy all my hookers and blow locally.
I doubt the blow is produced locally, unless you meant to say methamphetamine? Either way I applaud you for helping to support your local Escalade driving youths!
I live in Merced (CA), and I can say with pride that all our meth is made locally!
Re:Out on a limb (Score:5, Funny)
They accept Visa? It really is everywhere you want to be! I'm guessing that for everything else you use Mastercard.
Re:Out on a limb (Score:2, Funny)
>That's odd, I grew up in a town of less that 4,000 and had no trouble finding hand made clothes, fresh local
>produce, locally created art, music...
Yes, Oregon is generally something of a paradise in this respect.
You probably don't realize that you're being elitist here.
A positive (Score:3, Funny)
When I bought that iPhone App, Verified by Visa outright verified that it was *I* who was rich, and not some spineless imposter.
Re:Out on a limb (Score:1, Funny)
They accept Visa? It really is everywhere you want to be! I'm guessing that for everything else you use Mastercard.
You know where to slide the card through :)
Just don't expect a receipt.
Re:Out on a limb (Score:3, Funny)
I want to live in your universe, where banks provide early-round financing to entrepreneurs and the laws of thermodynamics don't exist.
Re:Out on a limb (Score:5, Funny)
Unfortunately, all the food is still made of carbon. If only we were silicon-based life forms!
Re:Out on a limb (Score:2, Funny)
--The FNP