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How does Verified by VISA Password work?

password verified Visa
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How does Verified by VISA Password work?

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Once you’ve registered and created a Password, each time you make an online purchase, a window will pop up asking for your Password, just like using a PIN at the ATM. When you correctly enter your Password, your card issuer confirms that you are the authorized cardholder and your purchase is completed. No code, no confirmation, no purchase.

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