What is 3dsecure? The guide to secure clearing and increased authentication

 

 

Using a credit card has become one of the most common daily operations in the world for most consumers.

 

This is a convenient payment solution that eliminates the need to search for the excess and withdraw the cash, and is suitable for use on any platform - whether it is a physical or digital store.

 

However, at the same time, credit card fraud also continues to gain momentum and become a significant threat for consumers and business owners.

 

In recent years it is no longer a negligible and marginal phenomenon, but a complex problem that requires new solutions.

 

The European Central Bank's October 2021 credit card fraud report highlights the vigilance required from industry players, regulators and consumers.

 

The findings of the report raise a growing fear of phishing scams, due to the significant surge in online purchases that characterized the corona epidemic, and it ends with recommendations to provide additional secure payment solutions.

Dealing with the consequences of stealing credit information and receiving goods fraudulently, did lead to a search for additional solutions.

 

Credit cards that allow payment by touch and the ability to pay using the smartphone at the checkout helped make physical transactions more secure.

 

This is by being able to carry out the transaction without saying goodbye to the card even for a moment, in order to avoid sharing the personal details with other parties.

3d secure what is it?

Using a credit card for online shopping brings with it a variety of challenges, but at the same time also grows new solutions designed to fight against online scams and scams.

 

One of the leading tools in this context, which is now found in more and more websites, is called 3D Secure.

 

This is a technological development from the credit card companies, designed to help deal with the new risks - through a clearing system with increased identification.

 

The purpose of the system is to provide a safe online shopping experience, by verifying the credit card user's identity throughout the transaction process.

How does it work and what does it actually mean in practice?

Let's say you are shopping on a site that supports payment via 3D Secure.

 

You have found items you like, added them to the shopping cart and are ready to finalize the order.

 

You progressed to the payment stage and entered the credit information on the relevant page, but your transaction has not yet been processed.

 

Just before this happens, you will receive a one-time password from the credit company via SMS.

 

The password will be sent to the number defined in the credit company's systems, and you will be required to enter it on the site where you want to make the transaction.

 

Only after identifying and confirming the correctness of the password - you can go to the next step and complete your purchase.

 

The one-time password is actually used as an increased verification detail, which makes it possible to verify that the person carrying out the transaction is indeed the owner of the card.

 

As a result, even if the user's credit information was stolen or leaked, that impostor will not be able to complete the transaction without entering the password - and therefore will not receive the goods he is interested in.

 

The 3ds service is suitable for users of all credit cards, including Visa Kal, Isracard and other companies.

 

By protecting customers' payment methods, it provides greater security for both consumers and business owners.