3D Secure is an additional layer of security for online payments designed to help verify that the person making the purchase is the actual cardholder. Here’s how it works:
Verification Step: When a customer makes an online payment, they may be prompted to complete an extra step to verify their identity. This could involve entering a password, a code sent to their phone, or using biometric authentication like a fingerprint.
Protection for Both Parties: This process helps protect both the consumer and the business from fraud, ensuring that only the rightful cardholder can complete the transaction.
Varies by Bank and Region: The exact verification process can differ depending on the customer’s bank and country. For example, in the European Union, 3D Secure is often required, while in other regions, it might be optional.
This security feature adds peace of mind for both you and your customers by reducing the risk of unauthorized transactions.