November 2: Global IME Bank Limited (GIBL) announced that it has launched 3D secure services for its credit cardholders to perform online transactions.
Issuing a press statement, the bank said it is one of the first few banks that offers such service in Nepal.
This service allows GIBL credit card holders to use their cards during online transactions and allow them to participate in verified by Visa process. The new value-added service by Global IME Bank is an extension of the banks 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, according to the statement.
“The few simple steps will enable cardholders 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 cardholder’s authentication. Global IME Bank in association with VISA has partnered with Izealiant Technologies for implementing this solution that provides flexibility to choose authentication types like password or OTP depending upon customer preference,” reads the statement.
As a direct benefit, GIBL cardholders can now enjoy additional security for their online card usage on various ecommerce sites worldwide. The protective feature enables the bank to authenticate not only the card but also the cardholder during payment of internet purchases thus protecting their online transactions against theft and illegal use of cards, it stated.
Janak Sharma Poudyal, Acting CEO at Global IME Bank said: “Our new 3D Secure Service for cardholders 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.”