Creating a VCC Using HDFC Netsafe Service

Introduction:

Internet fraud refers to any type of fraud scheme that uses one or more online services – such as chat rooms, e-mail, message boards, or Web sites – to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme.

The main intention of this web crime is to steal our credit card information. The credit card information can be obtained in many ways,

• Using a key logger ( A Program that stores your keystrokes)
• By creating phishing sites ( A site that resembles your bank website)
• And finally virus.

80% of web crime takes place due to ignorance of the victims. So Be careful and protect your money.

Credit card Payment:

Despite the claims of the credit card industry and various merchants, using credit cards for online purchases can be insecure and carry a certain risk. Even so called “secure transactions” are not fully secure, since the information needs to be decrypted to plain text in order to process it. This is one of the points where credit card information is typically stolen.

So how to prevent online fraud ?

In order to protect users from these types of crimes banks had started to offer virtual credit cards (VCC).You can now shop online through a virtual credit card, without revealing your Credit Card number.

Since the merchant has no info about your actual card number , you are safe from these type of crimes. Also these cards live (valid) for short time only. (24-48 hrs or depending upon your bank)

These cards are prepaid cards, SO make sure you have required amount before check out.

HDFC Netsafe Cards:

The Virutal Credit Cards offered by HDFC Bank are known as Netsafe Cards.

Requirements (to create a Netsafe Cards):

1. Of course you need a account from HDFC.
2. You should get a Credit Card or Debit Card from them. (Note: Only few banks offer VCC option for Debit Cards.For Ex: Axis bank – eshop card offers this service only to Credit Cards (CC))

Benefits:

1. Your credit/debit number is never disclosed.
2. It is a one time use card, so the merchant cannot charge again.
3. Can use on all VISA(if your’s is VISA debit/credit card)/MasterCard merchants.
4. All purchases will be reported as usual in your account statement.
5. You are automatically registered to Verified by Visa (VBV) / MasterCard Secure Code

Steps to Secure shopping:

Registration :

You are required to accept their terms and complete one time registration.

Prerequisites :

• Keep your debit/credit card ready.
• Remember your card Password / ATM PIN.

STEP 1:

Start Registration : Click Here

TIP 1 :Though I’m posting this link for easier access, you should always check whether the URL is directing to your bank’s website when clicking links from websites/blogs or type the url directly.

STEP 2:

Enter your Card details : (i.e., 16 Digit Card Number and its Expiry date)

STEP 3:

Fill in your details :

TIP 2: Don’t use your name as login id

Now your Netsafe account is registered…..

Creating a Net safe Card :

Create a NetSafe card drawing funds from your existing HDFC Bank Debit or Credit card accounts . All you need to do is specify the account to be debited and the required value(limit) of your NetSafe card.

Prerequisites:

• Remember your login info.

STEP 1:

Login to your Netsafe Account and type your login info: Click here

Alert : Remember TIP 1.

STEP 2:

Generate a net safe card by typing some amount. ( Here the account holder had Visa Gold Debit Card)

STEP 3:

VCC details will be provided on screen:

TIP 3 :

CVV2: The Card Security Code (CSC), sometimes called Card Verification Value (CVV), Card Verification Value Code (CVVC), Card Verification Code (CVC), or Verification Code (V-Code or V Code) is a security feature for credit or debit card transactions, giving increased protection against credit card fraud.

Now enjoy using this card online and feel safe and secure ….

Viewing Transaction details :

Remember :

1. Netsafe cards can be used only for online transactions. Don’t disclose the details to merchants over phone/e-mail.
2. It can be used only once for transaction.
3. Your HDFC bank debit/credit card number is never exposed.

STEP 1:

Click on All Accounts/Services link.

STEP 2:

Click the TXN Details link.

STEP 3:

TIP 4: You can verify your Paypal account using HDFC Netsafe Cards. After entering the card details in Paypal, follow the above steps to view transaction details and get your EXPUSE number.

Also make sure you had created a card with at least Rs.100 INR for Paypal verification !

Now you have accessed your transaction details !

The transaction details will appear in your account statement after 3-4 days.

FAQ’s :

Q: When does the source account get debited – at the time of creation of NetSafe Card or at the time of purchase payment ?
A: The amount gets debited at the time of creation of the NetSafe Card.

Q: What happens if I do not use the NetSafe Card at all or if I use only part of the NetSafe Card amount?
A: For a completely unused NetSafe card created from your Credit Card, the amount is credited back at end of validity period. For Netsafe cards created from your Debit Card, the amount will be credited back in 3 working days to the source account.
In case the NetSafe Card was partially utilized, the balance amount gets credited to the source account within 7 days (for Netsafe Card created from Credit card) or at the end of 35 days (for Netsafe card created from Debit Card) from the date of transaction.

Q: Do I need any special equipment or software on my computer?
A: All you need is an Internet connection and Internet Explorer browser version 5.0 or above. To find out if your browser is compatible, go to the “Help” menu in the upper right of your browser and select the “About” option. It should tell you what version is installed on your computer.

Q: Is there an Annual Fee for the HDFC Bank NetSafe Card ?
A: No , this facility is currently being provided to you free of cost.

Q: Can I withdraw Cash using my NetSafe Card ?
A: No, this card can be used only for making online payments at sites that accept the “VISA” or “Mastercard” range of cards.

Video Demo :

Verified by Visa is a similar service that can be used only for Visa cards and SecureCode is its alternative for Mastercards. But these services doesnot allow you to generate Virtual Cards. Instead it confirms your identity through simple checking process. But in this service your card number is exposed !!!

Hope you would create your netsafe cards easily after reading this simple guide.

Similar services from other banks:

1. Axis bank – eShop Card.
2. Kotak Bank – Net card.

There may be more banks in India offering this service.