3D Secure & 3DS 2.0?
3D Secure is a method of authentication set up to protect against unauthorized use of cards for online payments. Created by Visa (‘Visa Secure’) and MasterCard (‘MasterCard SecureCode’), it adds an extra level of security to the card acquiring process. 3D Secure 2.0 (3DS 2.0 or 3DS2) is the latest 3D Secure authentication protocol.
What Makes 3D Secure 2.0 Different?
3DS 2.0 replaces static passwords with new authentication technologies, such as biometrics, to meet European strong customer authentication (SCA) requirements. These requirements go into effect on 31 December 2020. It also reduces fraud while improving the user experience and reducing cart abandonment compared to the earlier version of 3D Secure.
3D Secure 1.0 VS 2.0
With 2.0, you get:
- Better fraud prevention
- Mobile device support
- More flexibility for merchants and opt-out capabilities where not required by law
- A better customer experience with fewer false positives
How 3D Secure 2.0 Payments Work
- The customer provides their credit or debit card information to initiate a transaction
- The customer validates their payment using a one-time authentication code, fingerprint or facial recognition
- Validated transactions are authorized
Who Has to Use 3D Secure 2.0?
If your acquirer is located in the European Economic Area, you need to enable 3D Secure 2.0 to accept online credit cards.
What Is the 3D Secure 2 Date for Mandatory Adoption in the EU?
3DS 2.0 is the easiest way to meet strong customer authentication (SCA) requirements for credit card transactions. SCA is mandatory in the EU as of September 2019. However, the deadline for implementation is 31 December 2020.
What Do I Have to Do to Implement 3D Secure 2.0?
Rapyd supports 3D Secure 2.0 for credit card transactions. Refer to our docs for details. https://docs.rapyd.net/docs/card-payment-with-3ds-verification
To get started accepting credit card payments in Europe with built in fraud monitoring and compliance, sign up for Rapyd Collect Online.