NON-VBV and NON-MSC
VBV (Verified by Visa) and NON-VBV cards are related to the verification process used by financial institutions to enhance the security of online transactions.
In the modern world of online payments, security plays a key role. Technologies like Verified by Visa (VBV) and NON-VBV are essential tools that impact transaction safety.
What is VBV?
VBV is an additional security layer developed by Visa to protect online payments. When using a VBV card, the buyer must go through additional authentication to verify their identity. This is usually done via a one-time password sent to their phone or by confirmation in the bank’s mobile application.
NON-VBV cards, on the other hand, are cards that do not support the Verified by Visa technology. Payments with NON-VBV cards do not require additional authentication.
Key Differences Between VBV and NON-VBV Cards
- Risk of Financial Loss: In the case of unauthorized transactions, NON-VBV cardholders may face difficulties in recovering their funds.
- Security Level: VBV cards provide an additional layer of security compared to NON-VBV cards. The authentication process helps confirm the cardholder's identity, reducing the risk of fraudulent activities. NON-VBV cards rely solely on traditional card details (card number, expiration date, CVV) for online transactions.
- Liability Protection: VBV cards often come with enhanced liability protection for unauthorized transactions. Since the cardholder undergoes additional authentication, it can serve as stronger evidence of the legitimacy of the transaction in case of disputes or fraudulent activity. NON-VBV cards may also have liability protection, but it depends on the card issuer's policy.
MSC (Mastercard SecureCode) and NON-MSC
MSC (Mastercard SecureCode) and NON-MSC cards are similar to VBV and NON-VBV but pertain to Mastercard's verification process to enhance online transaction security.
- Verification Process: MSC cards require an additional level of authentication during online transactions. After entering card details, the cardholder may need to provide a one-time password (OTP) or undergo further verification through a registered mobile number or email. NON-MSC cards do not include this additional authentication step.
- Acceptance: MSC cards are widely accepted by online merchants, particularly those prioritizing security. NON-MSC cards may be accepted by a broader range of merchants but may not provide the same level of protection against fraudulent activities.
- Liability Protection: MSC cards often come with enhanced liability protection in case of unauthorized transactions. As with VBV, the authentication process serves as stronger evidence in disputes. NON-MSC cards may also offer liability protection, but it varies based on the card issuer's policy.
Summary of NON-VBV and NON-MSC Cards
These cards can be used with both 3D and 2D merchants, offering high success rates if the correct BIN and working combination are selected.
Balance Transfer
Balance transfer allows users to transfer the remaining funds from one credit card to another or from a personal loan to a virtual credit card (VCC) or a physical credit/debit card.
- Transfer Fee: A fee may be charged for transferring the balance. Consider this when using the feature.
- Platforms: Platforms like Dxonline allow users to transfer funds to virtual cards (VCC) as well as physical credit or debit cards.
Mini Deposit
A mini deposit is a small amount of money temporarily charged to a user’s bank card when linking it to a payment service. Typically, the mini deposit amount is less than $1.
Process:
- The payment service sends a request to charge a mini deposit from the card.
- The user’s bank deducts the mini deposit and sends the transaction code or charge amount to the payment service.
- The user enters the transaction code or charge amount in the payment service.
- The payment service confirms that the card belongs to the user and links it to the account.
Purpose:
Mini deposits are an effective way to confirm card ownership, helping to protect against fraud and unauthorized use.
Some payment services request the transaction code, while others request the charge amount:
- Transaction Code: A unique identifier assigned to each transaction.
- Charge Amount: The actual amount of money charged to the card.
Both methods are equally safe for banks.
Common Platforms for Mini Deposits
When purchasing cards from a seller, it is important to know how mini deposits are received. Below are some examples of platforms:
- Digital Card Service: Mini deposits are sent to the email via enroll notifications.
- Card Nav: This application allows users to view all transactions in real time and set push notifications for all types of transactions. Mini deposits are accepted for transactions starting from $0.01 and are displayed instantly.
- My Card Info: Mini deposits can be viewed in the personal account under the Pending Authorizations tab or by setting up security alerts via email.
Digital Card Service
The Digital Card Service platform features a variety of cards, including debit, credit, and different classes such as Classic and Business.
- Ease of Use: This platform is popular due to its simplicity and high success rate in payment services. Most cards on this platform are NON-VBV.
- Features: Some banks on this platform can be linked to NFC instant payment services without OTP, accept mini deposits, and set up alerts.
- Account Access: Personal account access is achieved through a one-time code sent to the email provided with the enrolled card.
