Verified by Visa Inc.
It is a term used to identify that the actual owner of the Visa account conducts business dealings. This supplementary process guarantees the security of the transactions which were successfully held by a card’s holder. This enables certain financial institutions to conduct some additional actions in order to make sure that the cardholder’s personal information wasn’t jeopardized. This extra security was created to guarantee that the clients are protected.
The security checks are conducted before the holder authorizes the payment. The bank makes all possible to provide clients with high protection on the Internet so the clients won’t experience the cases of funds’ theft.
The bank is able to double-check the holder of the card by asking for a password. This step prevents fraudulent transfers and guarantees the safety of transfers for both parties.
Here are some examples:
Emily’s purchase wasn’t verified by Visa Incorporation because the user entered the wrong password.
His repayments weren’t verified by Visa Inc.