.......While RBI has done its
best to make transactions secure it cannot prevent international frauds.
Since most of the cards issued by MasterCard and Visa
are international cards they can be freely used outside the country.
The card information can also be used in online transactions because in
some countries there are e-commerce sites that conclude a transaction
without even the CVV2 number which is printed on the reverse of the
credit card.
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
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