21 Feb 2022 By PAYCEC
3D Secure 2.0 is a secure online payment protocol that requires online buyers to go through Strong Customer Authentication (SCA) in order to complete a transaction, reducing fraud risk and protecting credit card information.
Apart from complying with PSD2's Strong Customer Authentication (SCA) requirements, the new 3DS 2.0 protocol has a number of advantages, particularly in terms of mobile payments. By being completely interoperable with mobile wallet applications and in-app transactions, the new design significantly improves the user experience on mobile devices.
3-D Secure has been available for a long time, and it establishes an authentication data connection between digital retailers, payment networks, and financial institutions in order to analyze and share transaction data. The new 2.0 version of the technology allows merchants to submit an unprecedented number of transaction attributes to the issuer, which the issuer may use to verify customers more correctly without having to ask for a static password or slowing down commerce.
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