What is 3D Secure?
3D secure is a technical standard developed
by Visa and MasterCard and is commonly known as Verified by Visa and
MasterCard Securecode. It is a simple password-protected identity-checking
service that takes the risk out of online retail, for you and for your
customers.
You get protection from fraudulent transactions and the costs associated
with it, and your customers get the reassurance they need to spend with
confidence.
· Eliminate chargebacks - Helps protect you from fraudulent claims from cardholders – that they didn’t take part in, or authorise, a payment. Once you are up and running with Verified by Visa, you are no longer liable for chargebacks of this nature.
· Boost customer confidence - Research in Germany, Spain and the UK shows that 84 percent of people who do not shop online would be more likely to with Verified by Visa. Of established Internet shoppers, 71 percent say they would do so more frequently.
· Achieve bigger sales - Research by the analysts Gartner Group states that the average e-commerce transaction is worth less than €73. Figures from Visa Europe show that the average Verified by Visa transaction is worth more than €138.
· Implement with ease - Using Verified by Visa is a matter of adding a quick extra step to your online checkout procedure. For customers, enrolling takes moments and each purchase is accompanied by a personalised secret message from their card issuing bank.
3X Secure is our 3D Secure Merchant Plug-In (MPI). The MPI is not iSeries specific and resides on the Web server (whether that is iSeries, windows, UNIX or Linux etc) you use for hosting your web application. Regardless of which server you use it will work seamlessly with your EFT/400 product for those customers wishing to process Customer Not Present (CNP) credit/debit card transaction via the internet.
You can see our 3X Secure product listed on Visa's and MasterCard's 3D Secure Compliant Vendor list here:
https://partnernetwork.visa.com/vpn/global/category.do?userRegion=1&categoryId=87&documentId=125
http://www.mastercard.com/uk/merchant/en/security/what_can_do/SecureCode/vendors.html
For more information in general about 3D secure see:
http://www.visaeurope.com/merchant/handlingvisapayments/cardnotpresent/verifiedbyvisa.jsp
http://www.mastercard.com/us/personal/en/cardholderservices/securecode/index.html
