3-D Secure is a protocol developed by Visa to improve the security of online payments. The protocol is offered with the service name ‘Visa Secure’. MasterCard & Verve have also adapted a similar protocol called ‘MasterCard Identity Check’ & Verve Safetoken respectively.
They are designed to allow authentication of cardholders by their Issuers at participating online merchants.
3-D Secure systems recreate the high level of security of a physical payment environment by requesting further payment authentication.
The objective is to provide a safe and secure online payment experience across all three domains using a password or an OTP that is validated by the card issuer and further checked by all other parties involved in the transaction.
3D secure stands for 3 Domain secure. The three parties involved in the 3D secure process are the following;
The 3-D secure feature enables the shopper to enter a one time password sent to the registered mobile number on a pop-up on the payment gateway to confirm their identity with the card issuer. If accepted the order is completed.
Flow of 3-D Secure transaction