Cook Islands Bank Battles Credit Card Fraud with New 3D Secure Service

The Cook Islands branch of BSP has launched a new payment authentication service to combat credit card fraud. The 3D Secure Service, facilitated by Visa and MasterCard, allows customers to transact online securely using their BSP Visa Debit Cards.

What is the 3D Secure Service?

The 3D Secure Service protects BSP Visa Debit Card holders against fraudulent use of their card details for online purchases. This service ensures that all transactions made with a BSP Visa Debit Card are secure and verified.

How Does it Work?

When a customer makes an online purchase using their BSP Visa Debit Card, they will be required to enter a one-time password (OTP) sent to their registered mobile number or email address. This OTP verifies the transaction and ensures that the card is being used by the legitimate owner.

Benefits of Registering for the 3D Secure Service

Protects against fraudulent use of your card details
Tracks online purchases in real-time
Receives alerts for any unauthorized transactions using their card details
Provides early detection of fraudulent activity and helps customers control their spending

Importance of Registering for the 3D Secure Service

BSP Visa Card users are at risk of having their card details compromised by criminals. To prevent this type of fraud, it is essential to register for the 3D Secure Service. If a customer has not registered, they will be allowed three online purchases without being required to input an OTP, after which they will be required to register.

Conclusion

The launch of the 3D Secure System is a major step forward in protecting Cook Islands residents from credit card fraud, giving them confidence in banking with BSP. As a leading bank in the South Pacific, BSP finds convenient ways to make your banking experience flexible and secure.