Payments Blog

Our World is Changing

Hello everybody, it’s good to be talking to you again. Over the course of the last few months we’ve tackled some important, exciting topics in our ever-changing industry and I’m happy that you’ve all been along for the ride! I hope you have all enjoyed these posts and, more importantly, have found them informative and useful.

But we still have so much more to discuss, notably the changing 3-D Secure environment in our world. Over the last couple years, we’ve witnessed evolution in this space, from 3-D Secure 1.0 to EMV® 3-D Secure (formerly known as 3-D Secure 2.0). Recently, we’ve made significant progress in this area, as just this month Visa has activated EMV 3DS in two crucial markets: Latin America and Canada.


There's another key  date on the horizon too! In October, Mastercard will officially require all of their merchants, issuers and acquirers to support EMV 3DS. It might seem like October is far off, but it will be here before you know it!

This is an exciting time for all of us in the digital payments industry. The ongoing shift to EMV 3DS is a step in the right direction for us, merchants, issuers and consumers. We also know that this transition hasn’t been a seamless process. We recognize that there are a lot of questions regarding this change in our industry, and the ramifications it may have for merchants, issuers and others.

Over the next couple weeks, we’re going to talk through a lot of these topics, with a specific focus on EMV 3DS and its wide-reaching impact. We hope you stick around. You won’t want to miss this series!

EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.

Posted by Tim Sherwin

Tim Sherwin is the co-founder and Chief Executive Officer at CardinalCommerce. Under Tim’s leadership, Cardinal has become the leader in enabling authenticated payment transactions in digital commerce markets. Most recently, Tim led Cardinal’s business development and product strategy efforts. He oversees Cardinal’s largest Customers and key partners including Visa, Mastercard, PayPal and American Express. Working in the payments industry, Tim has had a lead role in redefining the Consumer Authentication landscape, developing innovative payment services that help merchants increase sales, reduce fraud, and eliminate chargeback exposure without disrupting the consumer checkout experience. Tim has more than 20 issued and pending patents related to secure payment processing, mobile payments and tokenization. Prior to founding Cardinal, Tim was Senior Vice President of Business Development at QIS, an IT and internet services firm. Earlier, he was with STERIS Corporation as Controller of the North American Division, and spent time with Oracle Corporation working with Invacare Corporation, where he developed a sound and streamlined system for processing all financial transactions. Tim is a graduate of Wittenberg University with a BA in Business, and earned his MBA in finance from Case Western Reserve University’s Weatherhead School of Management. Tim serves as a member of the Merchant Risk Council (MRC) Americas Advisory Board, is a member of EMVCo, and is a frequent speaker at industry events. He is also on the board of the Cleveland Museum of Natural History.

Topics: 3-D Secure 2.0, PSD2, SCA, EMV 3-D Secure, 3-D Secure

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