Not quite so. Some banks do have the option to authenticate the payment through OTP in their payment gateway. I use Citibank credit card and whenever I transact, I have the option of either to enter the one time password (OTP) or just enter the internet password which citibank has provided me.
-----Original Message----- From: accessindia-boun...@accessindia.org.in [mailto:accessindia-boun...@accessindia.org.in] On Behalf Of bhawani shankar verma Sent: 26 March 2012 07:41 To: accessindia@accessindia.org.in Subject: Re: [AI] levy or processing fee is being charged by payment gateway OTP is only for IVRS system. not for online transaction. for online transaction you have to registered your credit card with visa. your bank's website should have a specific link to connect you to that registration page. if your card is not verified with visa or master, you can not make online payment through your credit card. ----- Original Message ----- From: "Vikas Kapoor" <dl.vi...@gmail.com> To: <accessindia@accessindia.org.in> Sent: Sunday, March 25, 2012 11:38 PM Subject: Re: [AI] levy or processing fee is being charged by payment gateway > But what about some foreign sites which don't have any provisions of OTP? > I > can quote some of the site which do not even require the CVV Code, one > such > site is ENotes.com. I've recently transacted over some foreign sites which > don't have any provisions of OTP, I think mandating OTP has to be from a > merchant's site and it has nothing to do with the credit card agencies. > Just > because of the RBI guidelines, Indian sites are inserting an extra layer > and > the same doesn't seem to be having any jurisdiction over the foreign > sites, > at least this is what I would like to conclude. that is the main reason > I've > never been able to understand the primary arguments behind introducing > this > so called extra layer! > ----- Original Message ----- > From: "Amar Jain" <amarjain2...@gmail.com> > To: <accessindia@accessindia.org.in> > Sent: Sunday, March 25, 2012 10:34 PM > Subject: Re: [AI] levy or processing fee is being charged by payment > gateway > > > There is nothing which stops payment gateways from charging processing > fee. And specially if you are using credit card, many sites charge you > some % extra as a transaction charge. And after the latest budget, > credit card transactions are taxable. So really speaking, complaining > about these extra charges will get you nothing. > For example, if you have booked coins from Kolkata mint, then they > charge you extra as transaction fee. > If you recharge using eazymobilerecharge, then 2 Rupees for using > cards is charged. > As far as security of transactions is concerned, after 2011 circular > of RBI wherein the use of one time password and other steps are taken > by RBI to secure card transactions, there is no extra risk involved in > using cards. Previously when cards relied only on CVV and other > information which was printed on cards, that time it was not very > secure method of making payments online specially. But now things have > changed to a great extent. > > -- > Amar Jain. > Website: www.amarjain.com > > > Search for old postings at: > http://www.mail-archive.com/accessindia@accessindia.org.in/ > > To unsubscribe send a message to > accessindia-requ...@accessindia.org.in > with the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, > please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > > > > > Search for old postings at: > http://www.mail-archive.com/accessindia@accessindia.org.in/ > > To unsubscribe send a message to > accessindia-requ...@accessindia.org.in > with the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, > please visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > Search for old postings at: http://www.mail-archive.com/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Search for old postings at: http://www.mail-archive.com/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in
