Important information for Credit card usage

To make online transactions all the more safe, Reserve Bank of India (RBI) has recently passed a mandate, with effect from 1st August 2009, according to which all online payments are required to go through an extra level of authentication. As per the mandate, while making payments online, you will need to enter a password as an extra level of authentication after entering your credit /debit card details. This all new technology for safe online transactions is called VBV - Verified by Visa or MSC - MasterCard SecureCode.
What is the process of getting this 'Extra Password'?
To get an 'extra' password, you need to go through a simple process wherein you just need to log on to your bank's website, register your card for Verified by Visa (or MasterCard SecureCode) and get your password. Different banks have different kinds of processes for card registration. So, please visit your bank's website now and register:
List of banks : HDFC Bank HSBC Bank Axis Bank Karur Vysya Bank ICICI Bank Standard Chartered ABN Amro Citibank State Bank of India Deutsche Bank
What has to be done after registering with VBV/MSC?
Now, whenever you will pay online, you will be directed to your bank's website after you have mentioned your credit card details on the payment page. Here, you will be asked to enter your VBV/MSC password and after that you will be redirected to Naukri.com for completing the entire payment process.
Is the procedure going to be similar for American Express Cards?
In case of American Express Cards, the process is different. For American Express Cards, you will be asked to enter your billing address on the payment page, which will be passed on to the bank. This technology is called AVS - Address Verification System. The bank will verify the billing address provided by you against the address that the bank has in its records. Be careful while mentioning your billing address as your payment will be rejected if the billing addresses don't match.