Anyone used Lloyds Tsb ClickSafe?

[MM]

I got a pamphlet about this yesterday, visited the web site, was about
to register, then saw mention of "participating retailer", which
suggests to me that not all online retailers do participate. Actually,
how many do participate? Does anybody know, roughly, of course? I
shall try to contact someone at Lloyds Tsb also, but in this day and
age of anonymous corporate representation, I won't hold my breath.

Is this ClickSafe thing worth bothering with, or is it just another
gimmick from the banking fraternity?

MM

[Jeremy Goff]

Post by MM
I got a pamphlet about this yesterday, visited the web site, was about
to register, then saw mention of "participating retailer", which
suggests to me that not all online retailers do participate. Actually,
how many do participate? Does anybody know, roughly, of course? I
shall try to contact someone at Lloyds Tsb also, but in this day and
age of anonymous corporate representation, I won't hold my breath.
Is this ClickSafe thing worth bothering with, or is it just another
gimmick from the banking fraternity?
MM

Barclaycard do something similar, and my experience with that is that not
many retailers participate so you forget you registered. But just when you
least expect it - a retailer does ask - so you need to remember yet another
password!

Jerry

[Chris]

Post by MM
I got a pamphlet about this yesterday, visited the web site, was about
to register, then saw mention of "participating retailer", which
suggests to me that not all online retailers do participate. Actually,
how many do participate? Does anybody know, roughly, of course? I
shall try to contact someone at Lloyds Tsb also, but in this day and
age of anonymous corporate representation, I won't hold my breath.
Is this ClickSafe thing worth bothering with, or is it just another
gimmick from the banking fraternity?
MM

Clicksafe is LloydsTSB's implementation of both Verified By Visa and
Mastercard SecureCode depending on what sort of card you have list of
retailer can be found at the following sites.

http://www.visaeurope.com/iusevisa/goshopping.html

http://www.mastercard.com/securecd/showMerchantCategories.do

What I have tended to find is that orders are processed a bit quicker as the
retailer is provided with a extra level of security verificatrion and I
suspect it from their point of view it also helps reduce transaction costs
on Cardholder Not Present transactions as these are traditionally very
costly due to the inherent risks fraud of not actually having the card and
customer to be able to check the signiture or verify by pin.

Basically it is the online equivalent of chip and pin where the merchant
transfers you as part of the checkout procedure to the card issuers
verification site who present you with a personalised welcome message you
initially setup so you can verify that it is not a fake and prompt you to
enter a security password to verify you are the cardholder.

It seems to work and there does seem to be a slow increase in the number of
merchants as they redesign their payment processing engines, I basically
looked on it as anything had to be an improvement over the old system of
just handing over your card number.

Regards

Chris