The Technology Behind the Credit Card Online Bill Payment Without a PIN Number

The online bill payment theatre has seen a significant change in recent years, so much so that every company in the financial sector now offers this facility. Along with financial institutions, mobile wallets and even e-commerce sites now enable individuals to pay their utility bills online.

These platforms also provide the option of paying bills via net banking, UPI, debit cards, credit cards, and more. A substantial number of individuals choose the credit card payment option for the same.

First of all, this reduces the immediate financial burden on the individual. Secondly, users often do not have to enter their credit card PIN number to initiate these transactions. Therefore, they can save their time and effort significantly using the best technology for bill payment without a PIN.

How does credit card online bill payment without a PIN work?

Individuals who use their credit cards frequently for online purchases are wary of entering their PIN number time and again. In addition, some users are also apprehensive of sharing sensitive credit card PIN details over unsecured networks. Therefore, credit card issuers have come up with two ways to ensure online credit card payment without using a PIN number.

Thus, the two most prevailing methods that make credit card payment easy for online customers include –

  • One Time Password (OTP) – This method for online payment without a PIN is one of the most secure means available. For every transaction with credit cards, individuals receive an OTP on their registered mobile number. In addition, users can also receive this authentication number on their e-mail ID for further security.

Financial institutions send unique numerical OTPs for every set of fresh transactions. Therefore, every time an individual enters his/her card details into a payment gateway page, he/she will automatically receive an OTP.

One of the main reasons behind this technology without a PIN is that OTPs are valid for a brief period of time. In most cases, these are valid for between 3 and 10 minutes. This significantly reduces the possibility of fraudulent transactions and the misuse of this technology. As a result, individuals have to complete credit card transactions with OTP within the stipulated time-frame.

  • 3D Secure – 3D Secure or 3-Domain Secure is another process to carry out online credit card payment without a PIN. This method is an advanced security protocol that has significantly brought down the instances of credit card fraud. Primarily, this is a tripartite process that involves the credit card issuer, the cardholder, and the payment gateway system.

Under this effective process, cardholders have to provide their credit card details in the blocks of the payment section. The gateway then registers the credit card in a directory program. As a result, customers are redirected to a 3D secure page. Here, they can authenticate their end of the transaction by providing a password and an OTP. The payment gateway then conveys the authentication report to the financial institution that has issued the credit card.

The last step involves the authorization of online credit card payment by the issuer. Thereafter, the user receives a message that either confirms or denies the transaction.

As this secure system eliminates the use of a PIN, customers have been able to boost their online spending. On top of that, keeping the PIN undisclosed protects a credit card from being hacked.

However, individuals should only opt for payment facilities without a PIN when they are confident of their cards’ security features. Therefore, they should use only reliable credit cards such as the Bajaj Finserv RBL Bank SuperCard. This credit card comes with features like zero-fraud liability cover and in-hand security.

On top of that, this company provides pre-approved offers on numerous financial products. These financial products include personal loans, business loans, etc. These offers provide individuals with the opportunity to save valuable time and effort due to a fast-paced approval process. Individuals can check their pre-approved offer simply by providing their name and basic contact details.

To conclude, individuals should avoid using public networks in cafes and libraries for online credit card payment. They should also be careful to use only websites for payment that have ‘https’ in the address box. In this way, they can substantially reduce the chances of financial fraud by means of skimming, phishing, and cloning.

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