Payments Blog

Webinar Recap:  What’s all the Buzz about 3-D Secure 2.0?

In an effort to help manage the rollout of 3-D Secure 2.0, Jaime Howard, Vice President, Global Product at CardinalCommerce, talked about what to expect with these protocols and some upcoming deadlines surrounding them in a recent webinar entitled, "What's all the Buzz about 3-D Secure 2.0?".In today’s digital commerce world, connected devices are increasingly prevalent. To keep up with online market trends, a new version of the 3-D Secure protocols, 3-D Secure 2.0, was introduced into the market. There are many benefits to consumers, merchants and issuers with these new protocols, however, 3-D Secure 2.0 was designed with the consumer in mind. Specifically, 3-D Secure 2.0 was created to improve the consumer experience during card-not-present transactions, whether it be from a desktop browser, a mobile phone application or any other connected device.

In an effort to help manage the rollout of 3-D Secure 2.0, Jaime Howard, Vice President, Global Product at CardinalCommerce, talked about what to expect with these protocols and some upcoming deadlines surrounding them in a recent webinar entitled, “What’s all the Buzz about 3-D Secure 2.0?”

Benefits of In the webinar, Jaime discussed the importance of 3-D Secure 2.0 and what it means to be 2.0-ready from a market perspective. The 3-D Secure protocol specifications have been updated to fit the needs of today’s digital commerce marketplace. These new specifications allow merchants, networks and issuers to drastically reduce false declines and increase approval rates, while providing a positive consumer experience.

> Watch the On-Demand Replay

Jaime also spoke about some of the benefits of 3-D Secure 2.0 and highlighted the improved consumer experience, relative to the original 3-D Secure 1.0 environment. 3-D Secure 2.0 signals a shift towards a more consumer friendly authentication experience, enabled by a reduction in cardholder friction. With 3-D Secure 2.0, there’s ten times more data being shared with issuers, resulting in better risk decisioning and far fewer challenges to the cardholder. This process ultimately creates speedy, secure authentication, improving the overall consumer experience.

In addition to key benefits, Jaime touched on other topics, including:

  • The market opportunity for 3-D Secure 2.0.
  • The strategies to take advantage of 3-D Secure 2.0 benefits in a 1.0 world.
  • The difference between authentication and authorization, and how they work together.

3-D Secure 2.0 creates a more seamless consumer experience for the shopper, as well as merchants who have adopted 3-D Secure on their website. As global activation dates for 3-D Secure 2.0 quickly approach, connect with Cardinal to learn more about 3-D Secure 2.0 and how it can benefit your online business.

> Watch the On-Demand Replay

Posted by Erin Feigel

Topics: 3DS 2.0, PSD2, webinar

Recent Posts

Categories

see all

Subscribe to our Blog