3D Secure - Verified by Visa and MasterCard Secure
ECS World has adopted the latest in credit card authentication standards known as Verified By Visa (VBV) and MasterCard SecureCode.
3D Secure at a Glance
3D Secure is an authentication method that allows Merchants/ Issuers/ Acquires and Cardholders to identify or authenticate themselves in the Internet world for online card payments.
Currently ECS World offers a 'hosted solution' for processing 3D Secure transactions from both Visa (VBV) & MasterCard (UCAF).
Who can Benefit from ECS World’s 3D Secure
Potential merchants/ PSPs looking to process with ECS World will be able to benefit from this product. The ECS World solution will be a cross-platform- compatible, easy-to-install and simple-to-administer solution through its intuitive web-based interface. Merchants who implement a 3D Secure compliant solution will be protected from various chargeback costs due to fraudulent or disputed transactions and can thus diminish such activities.
Key Benefits of 3D Secure to Merchants
3D Secure offers various benefits, including:
- Fraud Protection
- Greater customer confidence
- Consumer Shopping
- All with a minimal impact on:
- Customer shopping experience
- Transaction flow (business processes)
- IT Systems and Resources
- MasterCard SecureCode™ and Verified by Visa Compliance
What is 3D Secure Verified By Visa?
 VBV (Verified by Visa) is part of Visa's Secure Commerce Program and is designed to reduce the risk of unauthorized card usage and makes the Internet shopping experience more successful and secure for both, the buyers and the sellers. Visa's operating regulations 3D Secure offers an additional layer of security with the introduction of 'payment authentication'.
What is MasterCard SecureCode - UCAF?
 MasterCard SecureCode provides enhanced protection against the risk of fraudsters using their credit or debit account numbers in cyberspace. Online shoppers will benefit from knowing that ONLY they have access to their personal SecureCode, the key to using their card on the Internet. MasterCard SecureCode uses MasterCard's proven Universal Cardholder Authentication Field (UCAF™) to provide an enhanced payment guarantee to online merchants by presenting, collecting and passing cardholder authentication information.
It uses hidden fields and a merchant plug-in application that is integrated with merchant web pages, along with authentication information generated by issuing financial institutions
Additional Information:
Visa Authenticated Payment Program - 3D Secure
http://corporate.visa.com/pd/security/consumer_tips.jsp
Source: Visa International
Includes: 3D Secure details and technical documentation
3D Secure Fact Sheet
http://www.visaeu.com/pressandmedia/secure3d.html
Source: Visa Europe
Includes: A good brief overview of 3D Secure
Verified by Visa Overview (business perspective)
http://usa.visa.com/merchants/risk_management/vbv.html
Source: Visa USA
Includes: Information for merchants, including program benefits
Verified by Visa Overview (consumer perspective)
http://usa.visa.com/microsites/verified/
Source: Visa USA
Includes: Details about the program, how it works, participating issuers and more
MasterCard SecureCode - 3D Solution
www.mastercard.com/securecode/securecode_main.html
www.mastercardintl.com/newtechnology/ecommercesecurity/ |
