SECURITY
How 3D Secure 2 caters for better online shopping experience
If you’ve ever used your credit or cheque card to shop online, you’ll be familiar with the process of having to confirm your payment through a one-time pin via email, cellphone or banking app on your smartphone. This process is called 3D Secure, or specifically Visa Secure and Mastercard Identity Check if you’re using a Visa or Mastercard cheque or credit card.
While 3D Secure is necessary to prevent fraudulent use of your and your customers’ credit cards, it adds an extra step in completing an online transaction, which can lead to abandoned cards, especially if the card’s issuing bank is having connectivity issues resulting in a delayed authentication notification.
An updated security protocol called 3D Secure version 2 (or 3DS2 for short) has been slowly rolling out and is set to replace 3D Secure completely. In this video, Levi Pillay, Product Marketing Manager at Payfast explains what 3D Secure 2 is, how it compares to the first version of 3D Secure, why it’s suitable for modern-day online shoppers and how PayFast has enabled 3D Secure 2 so you can receive fast Visa and Mastercard card payments online.