3D Secure 3.0
3-D Secure 3.0 is the latest version of the 3DS protocol, which is a security protocol designed to provide an additional layer of security for online credit card and debit card transactions. 3DS 3.0 builds on the previous versions of the protocol by introducing a number of new features, including the following:
Strong Customer Authentication (SCA)
SCA is a set of requirements that are designed to make online payments more secure. SCA requires merchants to use two or more factors of authentication, such as a password, a PIN, or a biometric identifier.
3-D Secure 3.0 introduces a new frictionless flow that allows merchants to authenticate cardholders without requiring them to enter a password or PIN. This flow is designed to reduce cart abandonment and improve the customer experience.
3-D Secure 3.0 allows merchants to use risk-based authentication to determine whether or not to require cardholders to authenticate. This means that merchants can only require authentication for transactions that are considered to be high-risk.
Benefits of 3-D Secure 3.0
3-D Secure 3.0 offers a number of benefits for merchants and cardholders, including the following:
- Reduced fraud — 3DS 3.0 is designed to reduce fraud by making it more difficult for fraudsters to use stolen credit card numbers to make online purchases.
- Improved customer experience — 3DS 3.0 can help to improve the customer experience by reducing cart abandonment and providing a more seamless checkout process.
- Increased liability shift — In many cases, merchants who use 3DS 3.0 will be able to shift liability for fraudulent transactions to the card issuer.
- Implementation — 3DS 3.0 is currently being implemented by a number of major card schemes, including Visa, Mastercard, and American Express. Merchants who want to use 3-D Secure 3.0 will need to work with their payment processor to implement the protocol.