Protect Your Merchant Acquiring Business
3-DSecure 2.X (3DS2) provides ecommerce merchants with the ability to verify their consumers’ true identities through a secure, electronic, non ‘face-to-face’ authentication process. Our solution allows merchants to process 3DS2 transactions though Visa Secure, MasterCard Identity Check and American Express SafeKey.
Chargeback Liability Shift
This technology was designed by the Card Associations to provide Acquiring banks and their merchants with protection from fraudulent transactions, chargebacks and unauthorized payments made on an eCommerce website. Payer Authentication enables all parties in an eCommerce payment transaction to transmit confidential and valid payment data, and provides verification to the merchant that the buyer is the authorized owner of a particular card account.
Powerful Fraud Protection
The most compelling benefit to Visa Secure, MasterCard Identity Check and American Express SafeKey for Acquiring banks and their merchants is immediate protection from fraud-related chargebacks or those commonly referred to in the eCommerce industry as “I didn’t do it” chargebacks. These often result from card number theft, card skimming, card phishing and counterfeit number generation. Without such protection Acquiring banks and their merchants lose revenue and incur costs associated with retrieval fees, chargebacks, and administrative fees.
Reduced Interchange Fees
In order for the Acquirer to benefit from an immediate reduction in interchange fees, chargebacks and fraudulent transactions, Card Association penalty fees, and the administrative costs associated with dispute resolution, both Visa, MasterCard and Amex require the Acquirer to enroll their BINs in the programme(s). The merchant transactions are ‘flagged’ as 3-D Secure eligible when processed through BASE I or INET authorisation systems, which makes them eligible for the lower interchange fees, and chargeback liability shift protection. Transactions flagged with the appropriate ECI indicator (3-D Secure eligible) cannot be charged back through BASE I, or INET, using certain Reason Codes (most common for Internet fraud transactions).
Worldwide Benefits
Immediate reduction in interchange costs for 3-D Secure2 authenticated transactions on 3-D Secure2 transactions
Immediate reduction in credit risk, disputed transactions, chargebacks, exception handling expenses, and portfolio losses
Immediate reduction in back office costs and administration relating to retrieval requests, dispute handling, chargeback investigation and lengthy presentment cases
Fast and easy enrolment – no MPI software to purchase – installation and certification are completed on your behalf!
Reduced capital expenditure in relation to other fraud management and detection services/software
Immediate reduction in interchange costs for 3-D Secure2 authenticated transactions on 3-D Secure2 transactions
Immediate reduction in credit risk, disputed transactions, chargebacks, exception handling expenses, and portfolio losses
Immediate reduction in back office costs and administration relating to retrieval requests, dispute handling, chargeback investigation and lengthy presentment cases
Fast and easy enrolment – no MPI software to purchase – installation and certification are completed on your behalf!
Reduced capital expenditure in relation to other fraud management and detection services/software
Guaranteed liability shift from Acquirer to Issuer for certain chargeback reason codes
Guaranteed liability shift from Acquirer to Issuer for certain chargeback reason codes
Worldwide security and compliance standard
Cardholders enrolled in Visa Secure, MasterCard Identity Check and Amex SafeKey can authenticate each and every on-line purchase they make
Reduces Internet fraud through the verification of the cardholder at the time of payment
Better and cheaper than chargeback insurance