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“Your Bank of America card has been automatically enrolled in the Verified by Visa program,” one version of the email says. “To ensure your Visa card's security, it is important that you protect your Visa card online with a personal password. Please take a moment, and activate for Verified by Visa now.”
You can understand why consumers might be confused. On the one hand we are constantly warned never to key in card numbers or passwords unless absolutely sure that we are dealing with a legitimate entity, and on the other Visa is promoting a programme that requires cardholders to ignore these warnings and input their card details to an unfamiliar Web site.
It’s really no surprise to see the scammers getting involved.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Ellison Anne Williams CEO at Enveil
30 October
Damien Dugauquier Co-Founder & CEO at iPiD
Kyrylo Reitor Chief Marketing Officer at International Fintech Business
Prashant Bhardwaj Innovation Manager at Crif
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