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MAKE SECURE ONLINE PAYTMENTS SIMPLE

TriDES2 is a new generation of 3D Secure solution for issuing and acquiring institutions which want to reduce the risk of fraudulent online payment transactions with the Strong Customer Authentication. 

Online Fraud is increasing

Online shopping ecosystem today offers plenty options and possibilities to be frauded so merchants and aquirerers need to invest more time and money to provide with the simple and fast solutions, but with much higher levels of security.

This is followed by online fraud which generated $31 billion chargeback costs for merchants worldwide in 2017. Merchants are the victims of most of the frauds, creating them additional operational costs.

And that can be changed!

TriDES2 is a new generation of 3D Secure solution for issuing and acquiring institutions which want to reduce the risk of fraudulent online payment transactions with the Strong Customer Authentication. Following the new 3D Secure require­ments, TriDES2 enables enhanced authentication methods including Transac­tion Risk Analysis and Risk Based Authentication, which enable a frictionless online payment experience for end users.

Using 3D secure as a method for fighting the online fraud, merchants, issuing and acquiring banks work together. 3D Secure costs are being spread between all involved parties.

In order to reduce reputational risks, card schemes took steering role to assure maximal efficiency of 3D Secure and motivate issuing and acquiring banks to deploy 3D secure programs.

At the time when an end user makes an online payment with a credit or debit card, 3D Secure initiates the authentication process which will allow them to use an authentication method supported by their issuing bank. In fact, through 3D secure, the issuing bank authenticates its client at the time when an online payment is made, thus reducing the risk of fraudulent transactions.

Following the PSD2 regulative and Strong Customer Authentication requirements, in 2016 EMVco released 3D Secure 2.0. A year later the 3D Secure 2.1 specifications were released and brought focus to Risk-Based Authentication (RBA) and Strong Two-Factor Authentication (2FA). The result was an increase in the online payment security level, but also an improvement in user experience during online and mobile purchases.

That increases online payment security level but at the same improves the user experience during online and mobile purchasing.

TriDES2 brings benefits to whole payment chain

Cardholder

  • Increased confidence in online payment when purchasing on the web or by mobile applications
  • Easy to use – simple and intuitive, frictionless process and refined user experience
  • Own control of payment risk parameters
  • Uniformed 2FA authentication and user experience across all digital channels

Merchants and acquirers

  • Increase of sales
  • Granted liability shift for fraud and disputed transactions
  • Fast and easy integration
  • Progressive security
  • High conversion rate

Issuers

  • More value to existing product offerings
  • A decrease in online card fraud and disputed transactions
  • Deep risk assessment of online merchants, clients and transactions
  • Progressive security
3d secure
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