What is 3D Secure 2.0?
October 3, 2020
As digital payment becomes standard among consumers, increasing measures have been taken to reduce fraud.
3-D Secure (3DS) enables self-authentication with card issuers when card-not-present (CNP) transactions occur. The globally interoperable framework also enables identity verification for non-payment activities, such as adding new payment methods to digital wallets.
What it Offers
3DS acts as a buffer during the exchange of data between merchants and card issuers, with the EMV 3DS 2.0 Specification offering an array of compatible features:
- Supports specific in-app purchases on mobile devices and browser e-commerce channels, among others.
- Improves UX through intelligent ‘risk-based’ calculations that encourages frictionless consumer authentication.
- Delivers industry leading security features
- Specifies step-up authentication options, including one-time passcodes and biometrics via out-of band authentication
- Outlines functionality that enables merchants to integrate authentication processes into checkout experiences with ease
- Offers the latest in end-to-end messaging
- Adds a non-payment message category, enabling various non-payment activities
The architects of the revamped 3D-Secure structure are confident with the newly integrated changes: