According to a new ruling, the Reserve bank of India -RBI has made it mandatory for all banks issuing credit and debit cards to provide additional authentication information over and above what is visible on the card. To prevent fraud and to make online shopping safer, the RBI has made it mandatory, from 1st August onwards, for all online vbv-msc-logotransactions to have increased security via registering each and every card with its respective merchant.
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