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3-D Secure
Visa and MasterCard have developed authenticated payment capabilities to improve online transaction security and to help encourage the growth of e-commerce. By creating a virtual 'card present' environment during Internet transactions, guaranteed payments for merchants and a safer online commerce experience for cardholders is envisaged.
MasterCard have implemented their version of 3-D Secure, called 'MasterCard SecureCode', while Visa have called their brand 'Verified by Visa'. Both of these protocols are brand identities for the 3-D Secure cardholder authentication scheme.
3-D Secure is a payments protocol based on an architecture known as the "Three Domain Model" and builds on proven SSL technology to provide a standard, secure method of performing transactions over the Internet through authentication of all parties involved in an online transaction:
- the Merchant and its bank (Acquirer Domain)
- the Cardholder and their bank (Issuer Domain)
- the Cardholder's bank and the merchant's bank (Interoperability Domai
From 1st July 2007 MasterCard are mandating SecureCode, preventing Merchants from accepting Maestro (formerly Switch) payments online legitimately after this time. Without 3-D Secure Merchants will be breaking card scheme rules, will be liable to pay heavy fines from Acquiring Banks and will be potentially blocking a source of online revenue.
Visa have also begun their global rollout of their 'Authenticated Payment Program' which will vastly improve the payment service for merchants and consumers. This will be achieved by enhancing convenience, acceptance and security.
Key Features
- Supports Verified by Visa and MasterCard SecureCode
- Pre-accredited with major acquiring banks
- Ease of integration via XML API in conjunction with the DataCash MPI or a 3rd Party MPI
Key Benefits
- Minimise online credit and debit card fraud and customer disputes
- Obtain relief from fraud liability, receiving chargeback protection on qualifying transactions
- Reassure customers that transactions are being handled securely
Act today to prevent the possible penalities incurred by ignoring the SecureCode mandate
DataCash offers an efficient and resilient 3-D Secure solution for Merchants that incorporates both MasterCard and Visa brand identities.
Contact DataCash today and you can benefit from guaranteed implementation within the next two weeks, including special rates.
Contact a member of the DataCash team on 0870 72 74 761 or at 3DSecure@datacash.com
