3D Secure Visa

1. Activate

The 3D secure visa that the bank issues cards for you will activate automatically. Upon activation, 3D Secure protects you at every participating online store. When you shop online at a participating merchant, your card will be automatically recognized as protected by 3-D Secure.

2. One-time password

To protect you from fraud, you will be asked to authenticate yourself in a separate window displayed on the site using your 3D secure visa password or the one-time password issued to you.

3. Validation

Once you have entered your 3D secure visa code, simply follow the steps as you normally would to complete the transaction. Your issuer will verify your entries and the transaction will be completed upon successful validation.

The benefits of a 3D secure Visa:

1. A major benefit of a 3D secure visa is to protect both users and merchants from the threat of payment fraud.
2. The payment liability shift is another perk of 3D secure visa for online merchants. By completing an additional 3D authentication visa step, an issuing bank becomes liable for fraudulent chargebacks. Even if the customer claims they have an unauthorized payment from you on their card, most of the time the card provider will be liable for managing the refunds.
3. Fewer chargebacks also mean more money in your pocket. A 3D secure visa helps mitigate the resources associated with disputes management, chargeback penalties, and fees. The liability shift, however, sometimes comes at the cost of conversion rates.
4. While 3D secure protocol is one of the most effective payment fraud prevention methods, it is often associated with higher cart abandonment rates.
5. As a general rule of thumb, the longer the checkout process is, the more likely the customer is to abandon their carts altogether. Adding yet another 3D authentication visa step for them to complete often hurts both conversion rates and the overall shopping experience.

Nowadays, almost all banks around the world provide this service for all cardholders to protect them from any unauthorized use of their cards in online payments.

As e-commerce continues to evolve, so does 3D Secure technology. Recently, the introduced 3D Secure 2.0 protocol is a huge leap forward in the world of online payments. Not only does the technology offer smoother shopping experiences, but it also takes online payment security to a whole different level.

When booking planes, hotels or even buying clothes, many people pay online with their credit cards. Since this involves transferring sensitive information, special precautions must be taken to ensure customer safety. In the course of the PSD2 (Payment Services Directive in the European Union), the EU has now made even stronger demands on payment systems on the internet - and credit card companies have reacted accordingly. With the new version of the 3D secure visa process comply with EU regulations and improve customer protection worldwide.

Visa cards 3D secure

In conclusion, with all the credible and convenient benefits of the 3D secure visa in this digital technology age, all cardholders can easily activate and register this service without worrying too much about fraud.