Nabil Bank has launched Nabil
eSecure which will allow its debit and credit card holders to make secure
online transactions.
Nabil eSecure is an
authentication process endorsed by card providers – Visa International and
MasterCard International – which verifies the authenticity of the internet
transaction.
It uses Access Control Server to
screen out unauthorised card transactions. "Since most online shopping and
booking sites do not accept card payments that are not verified by Visa
International and MasterCard International, online payment was difficult from
Nepal," said chief executive of Nabil Bank Anil Gyawali at the press
conference.
The system will screen the
authentication of card members during online shopping through user created
password and the card PIN number.
"The card holder either has
to register from Nabil Bank’s website or register at the time of making
payments," pointed out head of card division Niraj Sharma. "The bank
will charge Rs 50 or 0.50 per cent of the payments made, whichever is
higher."
Rupee denominated card holders
can shop or book services online within Nepal and India using the debit, credit
or pre-paid card. However, dollar denominated card holders can shop worldwide
using the card. The bank allows card holders to pay for goods and services
worth up to Rs 200,000, and a maximum of five times a day.
Earlier, the bank did not
provide online payment services through all bank issued cards due to security
reasons.
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