Online shopping is more secure now | RBI passed the orders to follow two passwords procedure for online shopping

Online shopping is more secure now | RBI passed the orders to follow two passwords procedure for online shopping

RBI is taking necessary actions to strength the security of online shopping. RBI announced to follow the two password method for future transactions of online shopping without fail. The notification conveyed the order to restrict future transactions without the second authorization. Actually this orders have been passed in August, 2009. But many banks are not following this orders yet. They are allowing transactions by 16 digit credit card number and CVV number. Hence the latest notification has declared the orders to be followed without fail.

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