MasterCard brand their system as 'MasterCard SecureCode' and Visa call theirs 'Verified by Visa'.
3D Secure payment security creates what is called a 'trust chain' throughout the transaction, shifting the liability for fraud from the merchant to the issuer under a range of conditions.
However, merchants should not consider 3D Secure as a panacea and should continue to use their existing anti fraud measures as well.
When an ecommerce transaction occurs on a 3D secure website and the cardholder is paying using a credit/debit card enrolled in 3D secure either the MasterCard or VISA pop up or inline security screens appear. The user is then asked to enter their passphrase (which can be a combination of letters or numbers) which is known only to them. MasterCard or VISA then return the user to the ecommerce website after authentication.
There are two elements to being able to accept and process 3D secure transactions Advansys have a team of developers who specialise in 3D secure integration.
- Paul Gurnell - GlaxoSmithKline -
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