CARDS & PAYMENTS | Tony Chua, Indonesia

Bank Mandiri adopts new Visa feature in credit cards

'Verified by Visa' feature combines e-commerce platform and security.

Bank Mandiri, in collaboration with Visa, the Indonesia Credit Card Issuer Association and Infinitium Solution, has introduced Verified by Visa, with 3D Secured Dynamic PIN. Verified by Visa is a new security measurement for customers for online payment using credit cards.

Every online payment using Mandiri Visa Credit Cards will now have to be verified with a one-time password which is issued by Visa and sent through a registered mobile number, according to a report in iStockAnalyst.

Mansyur Nasution, Bank Mandiri's Executive Vice President Coordinator for Consumer Finance, said: "Bank Mandiri is committed to continuously expand services for its card holders, particularly when transactions via the internet. Bank Mandiri is the first bank in the country to implement this security feature. We are optimistic that we will be able to meet the needs of our customers and improve customer satisfaction i the transactions."

President Director of PT Visa Worldwide Indonesia, Ellyana Fuad said, "We are pleased to collaborate with Bank Mandiri in introducing innovations, aimed at enhancing security, comfort and satisfaction in electronic payments. 'Verified by Visa' with 3D Secured Dynamic PIN is our latest innovation which combines e-commerce platform and security. And we are glad to introduce this feature to Bank Mandiri's customers."

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.