December 17: Mega Bank Nepal Limited has launched 3D secure services for its card holders to perform online transactions.

Issuing a press statement, the bank said this service launched on December 16 allows its card holders to use their cards during online transactions and allows them to participate in Verified by Visa (VbV) process.

“The new value-added service by Mega Bank is an extension of the bank’s mission to reiterate its commitment to its consumers to meet the needs of an ever-changing market in terms of security, technology, and financial solutions,” reads the statement.

According to the bank, a few simple steps will enable card holders to activate the new feature while performing first ecommerce transaction where customers need to enroll and set credentials for future usage.

Subsequent online purchases will then be validated with additional layer of security for card holder’s authentication, says the statement. 

Mega Bank said it has partnered with IZealiant Technologies in association with VISA for implementing this solution that provides flexibility to choose authentication types like password or OTP depending upon customers’ preference.

As a direct benefit, the bank’s card holders can now enjoy additional security for their online card usage on various ecommerce sites worldwide. According to the bank, this will also increase acceptance across more merchants participating in 3D secure services for using MBNL cards.

The bank said that the protective feature enables the bank to authenticate not only the card but also the card holder during payment of internet purchases thus protecting their online transactions against theft and illegal use of cards.

Anupama Khunjeli, CEO of Mega Bank Nepal, said, “Our new 3D Secure Services for card holders plays a significant role as it enhances security which is a critical aspect of any online business transaction. This along with our impressive card features ensures that we always meet the evolving security needs of our customers to give them a world class banking experience.”

Prashant Mengawade, CEO at IZealiant Technologies said, “This service will enable Mega Bank Nepal Limited in providing seamless and secure shopping experience to its card holders and will certainly help boost digital transaction in Nepal.”