Suggested search terms: geniusvx520ictbank accountfees

What is 3-D Secure?

3-D Secure is a fraud prevention tool that provides additional security for online transactions. Issuing banks use 3-D Secure to help verify the cardholder’s identity during a transaction.

Note: Using 3-D Secure shifts the liability for chargebacks to the cardholder or issuing bank.

The following are examples of 3-D Secure:

  • MasterCard SecureCode
  • Verified by Visa
  • American Express SafeKey

How does 3-D Secure work?

When a cardholder makes a purchase online, they are redirected to their bank’s 3-D Secure website. The website prompts the cardholder to enter one of the following:

  • A password that the cardholder previously set up with their bank.
  • A one-time code that 3-D Secure or the issuing bank sends to the cardholder.

The issuing bank receives a result from 3-D Secure that indicates if the cardholder successfully entered their password or code. The issuing bank uses the result to decide whether to continue with the transaction or cancel the transaction.

Was this post helpful?

Tags: , , , ,