| Term | Definition |
|---|---|
| Verified by Visa |
Verified by Visa is Visa's implementation of 3-D Secure 1.0, a tool that enables e-commerce merchants to reduce the risk of fraud by asking the customer to enter a password that the cardholder set up with their bank. If the customer isn't the cardholder or an authorized user on the account, they likely won't know the correct password. With the advent of 3-D Secure 2.0, Verified by Visa has been largely replaced by Visa Secure. |
