Visa Offers One-Time Passwords For Online Shoppers In Asia

Published December 31, 2008, 2:00 a.m. EST

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Updated December 31, 2008, 1:00 a.m. EST

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Visa Inc. has launched a service in Taiwan and China that enables cardholders to use one-time passwords when shopping online. Visa cardholders using the service have one-time passwords sent to their mobile phones via text messages. Cardholders use the passwords when making payments online, adding an additional level of security, Visa says in a statement. Visa says this is the first time it has offered this service anywhere in the world. Visa launched the service with Chinatrust Commercial Bank and China Everbright Bank.

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