What are 3D secure payments?

3D Secure (3-D Secure) is a security protocol that helps to prevent fraud in online credit and debit card transactions. It was developed by Visa and MasterCard to provide an additional layer of security for online transactions. The protocol requires the cardholder to enter a one-time code, which is sent to their phone via SMS or generated by their bank’s mobile app, in order to complete the transaction. This code is known only to the cardholder, so it helps to confirm that the person making the online purchase is a legitimate cardholder. 3D Secure is often referred to as “Verified by Visa” or “Mastercard SecureCode”, which are the brand names used by the respective companies.

How does 3D secure payments work?

Here’s a general overview of how 3D Secure works:
The cardholder initiates an online transaction at a merchant website that supports 3D Secure.
The merchant requests the cardholder’s issuing bank to initiate the 3D Secure authentication process.
The bank sends a message to the cardholder’s phone, either via SMS or through a bank-specific mobile app, with a one-time code.
The cardholder enters the one-time code into the merchant’s website to complete the transaction.
The merchant sends a request to the bank to verify the one-time code.
If the code is correct, the bank sends a message to the merchant to authorize the transaction.
This process helps to confirm that the person making the online purchase is a legitimate cardholder. It also helps to prevent fraud, because a hacker who does not have access to the cardholder’s phone would not be able to complete the transaction.

What are the Advantages of 3D Secure Technology?

There are several advantages to using 3D Secure technology:
Increased security: 3D Secure provides an additional layer of security for online transactions, which can help to prevent fraud and reduce the risk of unauthorized charges on a cardholder’s account.
Improved customer experience: 3D Secure can help to increase customer confidence in online shopping, as it provides an extra level of protection against fraud.
Reduced chargebacks: Chargebacks occur when a cardholder disputes a transaction with their bank. By using 3D Secure, merchants can reduce the number of chargebacks they receive, as it helps to confirm that the cardholder was the one who initiated the transaction.
Increased customer trust: By using 3D Secure, merchants can demonstrate to their customers that they take security seriously and are committed to protecting their personal and financial information. This can help to increase customer trust in the merchant’s brand

How to know if the website uses a 3D secure for payment?

There are a few ways to determine if an online payment has 3D Secure:
Look for the “Verified by Visa” or “Mastercard SecureCode” logo: These logos indicate that the online payment system is using 3D Secure technology.
Check the website’s security information: Many websites will include information about their security measures in their footer or on a dedicated security page. This may include details about whether they use 3D Secure or other fraud prevention measures.
Ask the merchant: If you are unsure whether an online payment system has 3D Secure, you can contact the merchant and ask. They should be able to provide information about the security measures they have in place.
Look for a prompt to enter a one-time code: During the online payment process, you may be prompted to enter a one-time code that has been sent to your phone or generated by your bank’s mobile app. This is a sign that the payment system is using 3D Secure.

At Paymennt.com, we take client and merchant security very seriously, as all paymennt.com transactions are 3D secure transactions. This also provides merchants with additional protection against chargebacks or claims of unauthorized use of client cards, as the Paymennt.com dispute centre is always at hand to support any chargebacks. Get in touch with Paymennt.com today to learn more.

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