MasterCard SecureCode is a security protocol developed by MasterCard to enhance the security of online credit and debit card transactions. It provides an additional layer of protection by requiring the cardholder to enter a unique code (the SecureCode) during online checkout.
This code is known only to the cardholder and their issuing bank, making it difficult for unauthorized users to make fraudulent purchases even if they have the card details.
This extra layer of authentication helps to reduce the risk of fraud for both the cardholder and the merchant. Because the SecureCode is never shared with the merchant or stored on their servers, it helps to reduce the merchant’s PCI DSS compliance requirements.
For cardholders, MasterCard SecureCode provides an extra level of security and confidence when shopping online, as it helps to ensure that only the authorized cardholder can complete the transaction.