Credit Card and Date of Birth

Credit Card and Date of Birth

Major misuse of credit cards take place when they are lost/stolen/only Magnetic Data Stolen.

Two Additional features for Card-Not-Present Transactions(CNP), is the Date of Birth and the additional layer of password now required for Credit Card Payments in India.

If the credit card user, forget’s  the ‘additional layer - password’, a fresh password can be generated based on the 01) Card number 02) CVV number  03) Card Expiry Date  04) Date of Birth.

The first 3 are present on the Credit Card and the 4^th is expected to be kept secret by the credit card user.

Recently, I have come across advertisements in Papers/Magazines for A) Donations B) Subscriptions wherein a mode of payment is through Credit Card.

The requested details for payments through credit card is the

01) Card Number       02) Date of Expiry      03) Date of Birth.

Yes, you have read it right DATE OF BIRTH.

Folks, never ever mention your date of birth in such transactions. Once, the date of birth is mentioned, you are opening a Pandora’s box, for misuse of your credit card !!!!!!!!!

A more safer ePayments option, for such transactions is the NEFT mode. Of course, Indian organizations have yet to understand the benefits of NEFT.

Of course, the more relevant question is whether the Date of Birth is a safe security process to generate the ‘Additional Layer-Password’. Maybe, this might continue, till better options are presented.

Protect Yourself