What is 3d Secure and how it affects online payments

Also known as 3-D Secure or 3DS authentication , 3D Secure is an anti-fraud security protocol , the purpose of which is to add a new layer of authentication in the online payment process, that is, online payment without the physical presence of a card. . Its mission is to protect the buyer’s credit card against unauthorized use on the Internet, thus avoiding possible theft, fraud, or scams. To achieve this, it carries out an effective security analysis and connects three completely different agents or domains (Hence its name): the bank of the cardholder itself, the bank of the acquiring company, that is, the online business, and the infrastructure of the software provider that authorizes, supports and reviews this protocol. Since the 3D Secure security protocol came onto the market, until the beginning of 2021 itself, the process that this security system has followed has always been the same. When the client enters the usual card data: The card number, the expiration date and the CVV code , it becomes the bank that must authenticate the user’s identity, requesting from the buyer certain additional information that only he can know: A code sent via SMS to the customer’s phone. A password or PIN. A code generated through a mobile app or a security token. Only once one of these options is entered does the bank authorize the operation , or deny it, if an error is detected.

How a payment transmission works with 3D Secure

This process has always been carried out in a completely secure environment , the business involved has never had access to the data requested from the client. The transaction Buy Cell Phone Number List only needed the authorization of the client and the bank itself. As it could not be otherwise, its main advantage is the increase in security for online transactions. Considerably reducing theft, fraud or scam crimes, in addition to protecting buyers’ own data. It is completely free , and has no cost for any of the parties, since the process does not need intermediary companies to be carried out, only the three agents mentioned above. Without forgetting the positive effect it has on buyers , who, it is not surprising, feel more secure knowing that both their information and their own money will be in the best hands every time they carry out an operation. Finally, in the event that this protocol fails and a theft or fraud occurs despite its actions, it is the card-issuing bank that is obliged to assume the additional costs. Consequences for Ecommerce Despite all these advantages that we have just mentioned, 3D Secure is not a perfect system. In fact, it has two drawbacks to take into account, especially for Ecommerce, whatever their sector. First of all, it is absolutely essential that the bank involved carry out this protocol with the greatest precision , thus maintaining the security of its clients and avoiding any possible data leak that could put their respective accounts at risk. But without a doubt, the biggest problem with 3D Secure is the abandonment rate that this protocol generates in online businesses, just at the moment when our client must pass the authentication process. The reasons are very varied: The buyer may not be willing to go through a long and laborious process, perhaps their card is not yet updated according to the 3D Secure protocol, or an error may even appear in the payment process. from the bank or payment gateway.

Advantages of your security measures

This harsh measure is dedicated to providing greater security for online payments, thus preventing a large number of computer crimes. To adapt to this change and the Afghanistan mobile phone number list new regulations the new 3D Secure 2 authentication protocol has been born , which allows a greater exchange of information between the card owner and the bank. Thus accelerating the authentication process, while increasing the security of the procedure and reducing the possibility of fraud. But how does he do it? Well, at the moment the consumer enters their card information to confirm a payment on any online platform, the system determines the risk of the operation based on up to 15 basis points: The owner of the website on which you are going to make the purchase, the currency used in the transaction, the web browser being used… If the risk of the transaction is determined to be low, no additional verification will be required . On the other hand, if the risk of the transaction is considered high, additional verification will be required. As if that were not enough, these verification measures are a true novelty. Since they hope that now users can authenticate not only with a code sent via SMS, but that fingerprint, facial or voice recognition can be used. Due to these new security regulations, the integration of the 3DS2 protocol is a practically essential requirement for banking entities, payment service providers, digital wallets, etc. That is, any company that allows online payments. As it could not be otherwise, all Ecommerce are included and are required to support the use of 3D Secure 2. security protocol 3D Secure 2 We can say then that, on paper, all the changes that the new version of 3DS has brought with it are positive for online purchases. The Payment Services Directive affirms without a doubt that the new 3DS2 version will reduce false rejections and increase the approval phases in the last steps of the purchasing process. However, its sophisticated process and the precision needed by banking entities to carry it out seems somewhat complicated for the first phases of its implementation. Will it be a success then? Or will it be a failure? Only time will tell.


您的电子邮箱地址不会被公开。 必填项已用 * 标注