Using 3DSv2 enables Merchants to protect both their business and their customers against potential online card payment fraud. A higher level of security can be achieved without compromising the customer experience.
The Merchant is able to provide a significantly increased number of data elements to help securely authenticate transactions, thus reducing the need for the Cardholder to be presented with a 3DS challenge. This makes the checkout process quicker, easier, and less susceptible to errors. This, in turn, leads to reduced levels of cart abandonment and improved rates of successful transactions.
This extra layer of security helps Merchants to accept card payments only from legitimate customers, reducing Merchant exposure to chargebacks or disputes. For specific rules on liability shift, refer to your agreement with the card scheme.
Published on 18 November 2020