Monday 4 July 2011

When it comes to credit card security, apparently less is now more

MBNA emailMBNA, my credit card issuer, has sent me an email saying it's dropping the MasterCard SecureCode 3D Secure scheme. This is the security procedure that asks me to enter a password when shopping online.

It says "Using your card online is now easier and more secure", adding that "All online payments will be authorised instantly, whilst still providing all the security features you have come to expect from us."

Which is odd because the card issuer originally said 3D Secure offered added protection.

So... offering the service increased the amount of protection I had... and then taking it away gave me even more protection.




PS: "Servcies"? I'd like to think my financial services providers didn't make too many mistakes.

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