Online frauds have increased over the years. It is proportional to the rise in ecommerce trade. Being a victim of credit card fraud is unpleasant. At the same time, online stores are here to stay for the convenience they offer. Our conversation brings us to the point if can we have an extra level of security to make payments safe for credit card?
3-D Secure takes authentication to a new level
The answer to this critical problem is a resounding yes, and it comes in the form of ‘3-D Secure’. Let us see what is unique about this protocol. 3-D Secure adds an additional layer of security when a user makes a payment at an ecommerce store. After the customer places an order, they undergo a strong authentication procedure which tightens the security. In this security model, the user themselves authenticate the transaction to add extra protection towards making payments.
Benefits of 3-D Secure
It comes with a host of benefits as extra protection is added to the payment.
- Customers feel confident while making payments in your ecommerce store
- Achieve brand loyalty through safe way of making payments
- Reduces merchant disputes significantly
- Merchants can witness an overall improvement in sales.
On a final note, 3-D Secure prevents online fraud. It is applied in major credit cards that you use. In addition, it is mandatory for PSD2 countries to have a 3-D Secure protocol while making credit card payments. With 3-D Secure, you are in control every time you make a payment.
Sign up for an instant payment account fully secured with PCI DSS Level 1 certification