3D Secure 2.0 (3DS 2.0) offers numerous benefits for both merchants and customers, enhancing the security and user experience of online transactions.
Increased Security:
Provides an additional layer of security by verifying the cardholder’s identity during online purchases. This helps to prevent fraudulent transactions.
Fraud Reduction:
Significantly reduces the risk and cost of fraudulent chargebacks, ensuring safer online shopping experiences.
Improved Customer Trust:
Customers feel more secure knowing their transactions are protected, which enhances their confidence in shopping online.
Enhanced User Experience:
The updated protocol supports a wider range of authentication methods, including biometrics and risk-based authentication, making the process smoother and more user-friendly.
Support for Mobile Devices:
3DS 2.0 is optimized for mobile devices, providing a seamless authentication experience on smartphones and tablets.
Increased Online Sales:
By offering a secure and smooth checkout process, merchants can benefit from higher conversion rates and increased online sales.