Verified by Visa Clause Samples

Verified by Visa. If you provide your Card number to an online/e-Commerce merchant for payment authorization, we subscribe to the Verified by Visa Service (“VbV”), which helps to ensure the transaction is initiated by the rightful owner of the Card. Cardholder authentication using VbV, if involked by a participating online merchant, occurs before the transaction is authorized for payment, and uses risk-based authentication rules to help improve cardholder security and help prevent fraud.

Verified by Visa. 1. Verified By Visa is a service provided jointly by Standard Chartered China and VISA where a customer's identity is verified by the dynamic password sent to the mobile phone number reserved with Standard Chartered China so as for security of the customer's use of credit card on the internet. 2. Verified By Visa is applicable to credit card holders of the credit cards issued by Standard Chartered China with printed word “VISA” on them. When the customer activates VISA credit card, Verified By Visa is activated by default. The customer may only use Verified By Visa on the websites of the merchants providing the service of Verified By Visa. 3. The customer agrees that if the text message received by Standard Chartered China is consistent with the sent dynamic password during a transaction, such transaction will be deemed as conducted by the customer itself. The customer agrees if the dynamic password or other confidential information is lost or stolen or known by any others, the customer shall report the loss of the card immediately. Before the report of loss, if any other person uses such dynamic password or other confidential information for online payment, Standard Chartered China will not be liable for any losses or damages arising herefrom. After the report of loss, usage of the dynamic password of the customer will be ceased no matter such dynamic password and other information is used or not. If the dynamic password is stolen by others, the customer shall cooperate with Standard Chartered China and related judiciary authorities in investigation. 4. The customer's use of Verified By Visa to pay for any commodities or services online shall constitute purchase-sale relationship between the customer and the merchant, which shall not be different because of the customer's use of Verified By Visa and for which Standard Chartered China will not be liable. 5. The customer may cancel Verified By Visa at any time through the credit card customer service hotline of Standard Chartered China. Before the application for termination of Verified By Visa takes effect, transactions completed by using Verified By Visa shall remain valid.