What is MasterCard SecureCode and how does it work?


What is MasterCard SecureCode and how does it work?

You may have already heard of MasterCard SecureCode, or even seen it in use. It’s an extra security feature when shopping online, and we at U Account are getting ready to launch it for our cardholders in the very near future.

We’ve laid out everything you need to know about MasterCard SecureCode, how it benefits you, and what you need to do before it launches.

What is MasterCard SecureCode?

3D Secure is an extra layer of security for anyone making payments online using a debit or credit card. It’s one of the latest methods of fraud prevention, and is widely used by retailers and card providers around the world to keep your money safe. You may recognise it as ‘MasterCard SecureCode’ which MasterCard calls their system or ‘Verified by Visa’ which is the term Visa use.

What are the benefits of MasterCard SecureCode?

There are plenty of benefits to having a card that uses MasterCard SecureCode. First of all, the extra security layer reduces the risk of fraud, keeping your money as safe as it can possibly be.

This should give you extra peace-of-mind when shopping online, as you know there’s an extra verification step protecting you from anything unsafe. It gives you even more control over how you use your card online, and what you use it for.

On top of that, it’s super-easy to use (more on that below) and doesn’t require any special equipment or software to set up.

How does it work?

3D Secure (MasterCard SecureCode or Verified by Visa) ensures additional security for your card by adding a verification step – like a password – to your purchases.

The “3D” stands for “3 Domain”, because there are three layers involved in each transaction: the company you’re buying from, the bank that company uses, and then your own card provider. 3D Secure ensures that there’s a verification step along the way.

What does that mean in real terms? When MasterCard SecureCode is activated and you make a purchase online with your U Account card, we’ll now send an SMS to your mobile which contains a short unique code. You’ll be asked for the code by the retailer as part of the checkout process, and entering the code will complete your purchase.

MasterCard SecureCode lets the retailer check that the person using your card is definitely you. By doing so, they protect you against any fraudulent activity on your card.

What do U Account need me to do to set up MasterCard SecureCode?

There’s only one thing we need you to do in order to correctly set up MasterCard SecureCode on your card, and that’s to make sure your contact details are up-to-date.

MasterCard SecureCode works by sending a short code to your mobile phone via SMS – which means that it’s essential that you have the correct mobile phone number entered on your account. We’re asking all our account holders to please check (and update, if necessary) that their details are correct.

Please login to your profile and check to make sure all the information given is up-to-date:

That’s it! If your details are up to date, you’re good to go when we launch MasterCard SecureCode.

What do I need to remember when making a MasterCard SecureCode purchase?

The answer is pretty simple – make sure you have your mobile phone handy when you’re making a purchase from a MasterCard SecureCode-enabled retailer.

When you reach the checkout stage, you’ll be asked for a unique code to check that it’s definitely you making the transaction. We’ll ping a short code to your phone via SMS, and then you simply need to type that in to complete the purchase. Sorted.

If you have any questions about MasterCard SecureCode, or need assistance with anything else related to your U Account, please get in touch: