Zero value transactions in credit card statment
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I found these transactions in my credit card statment with zero value when i made a payment through amazon.
Visa provisioning service IN
The Visa Provisioning Service charge should always show up as ₹0 on your bank statement and is considered safe. It is related to the tokenization process that many online retailers and digital wallet services are using to protect your sensitive account information. These charges typically fall off your transaction history within a week.
The Visa Token Service is a new security technology that helps to protect you from credit card fraud.
This new system is the reason that you are seeing these $0 charges pop up on your bank account.
The Visa Token Service aims to safeguard your most sensitive account information. In particular, it protects your account number from showing up when you make purchases.
In place of exposing your 16-digit account number, this security measure replaces it with another identifier known as a token.
This token allows merchants to process your payment without ever compromising your unique account details.
- Wsp Api -0
- Visa provisioning service IN -0
- Unknown transaction -0
Visa provisioning service IN
The Visa Provisioning Service charge should always show up as ₹0 on your bank statement and is considered safe. It is related to the tokenization process that many online retailers and digital wallet services are using to protect your sensitive account information. These charges typically fall off your transaction history within a week.
The Visa Token Service is a new security technology that helps to protect you from credit card fraud.
This new system is the reason that you are seeing these $0 charges pop up on your bank account.
The Visa Token Service aims to safeguard your most sensitive account information. In particular, it protects your account number from showing up when you make purchases.
In place of exposing your 16-digit account number, this security measure replaces it with another identifier known as a token.
This token allows merchants to process your payment without ever compromising your unique account details.
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We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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Visa provisioning charge is a zero-amount verification fee that Visa uses to confirm cardholder information.
In other words, it is a 0 amount assessment that gets charged to the credit card statement in order to confirm that the cardholder information provided is correct. This protects the cardholder from their card being used fraudulently
In place of exposing your card number, this security measure replaces it with another identifier known as a token
This token allows merchants to process your payment without ever compromising your unique card details
This is nothing that you need to be concerned about. The line item may appear in statement , but no direct charges comes along with it & might as well drop off from statements in few days
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