The Lion King | 53
How Secure Are
Your UBA Cards
for
Online Payment?
By Abolaji Akilo
T
o become a responsible
Cardholder, you should
be aware of not only the
benefits of using a Payment
Card, but also how to protect
your card details and funds
when using your card via the
online payment option.
At UBA we offer three different
Card variants, each with its
own unique secure online
payment option to protect our
Cardholders and to strengthen
their confidence when making
online transactions with our
cards.
For all transactions done on
Nigerian websites our UBA Verve
and MasterCard cardholders are
protected by One-Time Password
(OTP) whereby a secure code
(OTP) is sent to cardholder’s
bank registered mobile phone or
email. This code (OTP) which can
only be used once will always
be required to complete any of
such transactions. However, in
order to remove the nuisance
factor that this could cause, this
feature is only automatically
turned on for transactions that
are likely to be fraudulent. To
use a Visa Debit and Prepaid
Card on a local website, you will
need an iPIN which can only be
activated at UBA terminals.
Whenever you make a purchase
on a foreign website, you
are protected by ‘Verified by
Visa’ (VbyV) if you have any
of our Visa Credit, Debit or
Prepaid cards and MasterCard
SecureCode (MCSC) if you
opted for the MasterCard
products. This provides an
added layer of security when
a UBA Visa or MasterCard
cardholder attempts online
transactions. It is an online
program designed to make
internet purchase transactions
safer by authenticating a
cardholder’s identity during
online transactions and helping
stop fraudulent purchases before
they occur.
There are some things in life
we should never share such as
toothbrushes and underwear
but one of the most important
are your card details card details
and PIN.
1.
True or False:
It’s a good idea to give your Card
PIN numbers to your close family and friends.
False:
You should not let anyone else know or use
your PIN (personal identification number), includ-
ing family and friends. Avoid writing it down or
carrying it in your wallet and avoid using num-
bers that a can easily be identified as such as
your birthday. No one but you should know your
PIN - not even your bank.
2.
True or False:
When shopping online, there
are simple clues to figure out whether or not a
website is safe.
True:
To see if a site is secure, check the lower
corner of your browser window for a padlock
or key icon whenever you’re on a screen that
sends personal information or Card numbers. If
the padlock is closed or the key is intact, security
technology will scramble your Card number and
personal information as it is being transmitted to
the merchant. As well, the secure website ad-
dress will begins with “https://”.
3.
True or False:
If your bank needs to contact
you, they will email you and ask you for your ac-
count information.
False:
Your bank will never contact you by email
asking for account information. If you have been
emailed for this information then you have likely
been “phished” (pronounced as fished *imagine
the email as a bait). Phishing refers to an online
scam that seeks out personal financial informa-
tion from people who believe they are sharing
their information with a legitimate website or
organization.
4.
True or False:
Now that I have CHIP-enabled
card, I don’t need to protect my PIN.
False:
When conducting any transaction at an
ATM or making a purchase, always shield the
keypad when you enter your PIN.
5.
True or False:
When making a card transaction,
it’s ok to give your card and details of your PIN to
the salesperson so that they can enter your PIN
for you.
False:
When making a card transaction, never al-
low the merchant/ salesperson to take your card
out of sight. It takes only seconds for fraudsters
to reproduce your card. A false card combined
with your PIN can provide a criminal, access to
your bank account.
Here are some facts you should know about securing your card:
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