As we ring in the new year, it’s important to remember that the activation dates for EMV® 3-D Secure (also referred to as 3-D Secure 2.0) are drawing closer. Back in October 2016, after the release of these specifications, this seemed a long way off. Now, it’s much closer than it seems.
In April, three of the major card networks will be implementing certain measures related to the EMV® 3-D Secure protocol. For Visa, April serves as the activation date for EMV® 3-D Secure in Europe.
Additionally, in April, American Express will be encouraging issuers to avoid utilizing static authentication methods while simultaneously pushing issuers who are leveraging the EMV® 3-D Secure to use risk-based authentication.
Finally, Mastercard is enforcing certain measures related to PSD2 and EMV® 3-D Secure. Strong Customer Authentication (SCA), the most relevant section of PSD2 as it relates to the digital payments industry, requires the use of two or more key data elements during authentication.
In April, Mastercard is enforcing the use of their new 3-D Secure solution, Mastercard Identity Check, for all acquirers and merchants. These same acquirers and merchants, as well as issuers, must request SCA in the EU. Additionally, issuers are being required to support biometrics as an authentication method, while also being pushed to use risk-based authentication.
Between now and April, there’s a lot to accomplish for many merchants, acquirers, issuers and other organizations in the digital payments industry. EMV® 3-D Secure is going to radically change this industry for the better, and it’s in everyone’s best interests to be as prepared as possible when these activation dates arrive.
The Cardinal Authentication Network is suited to help both merchants and issuers through this transition period to EMV® 3-D Secure. Cardinal is singularly focused on this new protocol, meaning the Cardinal Authentication Network has been built to support a future where everyone is utilizing EMV® 3-D Secure, while simultaneously supporting the existing edition of the 3-D Secure protocol.
Additionally, the Cardinal Authentication Network is not static, and will continue to innovate when it is necessary to deliver the best possible results for merchants and issuers.
With the Cardinal Authentication Network, Cardinal puts Authentication First.