India adopts a new rule for Banks [ht Payments news] that should have been voluntarily adopted years ago by all banks everywhere. I have always been a proponent for online alerts, but it makes eminent sense to make "card not present" alerts mandatory. India’s Mandate re: Stronger Authentication for Card Not Present Use | Payments News The rules require India’s banks to support two basic capabilities: A system of providing for additional authentication/validation based on information not visible on the cards for all on-line card not present transactions (e.g., Verified by Visa or MasterCard SecureCode) A system that provides "Online … Continue reading Indian Banks Adopt a Rule all Banks Need | security alterts