3D Secure is a free security service provided by Visa and Mastercard that enhances the security of online purchases made using debit or credit cards. The service is commonly referred to as Verified by Visa (VBV) or Mastercard SecureCode (MSC).
Key Features of 3D Secure:
1. Secure Online Purchases: 3D Secure provides an additional layer of security by requiring cardholders to authenticate their identity during the checkout process on participating merchant websites. This is done through a password protection mechanism, typically involving a one-time password (OTP) sent to the cardholder’s registered mobile number.
2. Automatic Enablement: The service is automatically enabled on all myPOS cards, including any new cards issued. This means cardholders do not need to take any action to activate 3D Secure.
3. Enhanced Authentication with 3DS 2.1: With the introduction of 3DS 2.1, cardholders may need to confirm their payments online via push notifications rather than SMS. This update aligns with new card scheme requirements and provides a more seamless and secure user experience.
4. Fraud Prevention: By verifying the identity of the cardholder, 3D Secure helps prevent unauthorised transactions and reduces the risk of online fraud. This added security measure ensures that transactions are made by the legitimate cardholder.
If you have further questions or need assistance, please contact the myPOS support team.