3D Secure Case Study
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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.
Reduce risk of fraudulent online payment transactions with TriDES - proven and mature solution for issuing and acquiring institutions.
With strong two factor authentication of the cardholder and with the new, enhanced authentication methods including behavioral risk analysis and scoring which leads to frictionless online payment experience.
Asseco SEE is a well-known brand in the 3-D Secure domain since 2006.
Our flagship solution - TriDES and its latest version TriDES2 support a wide range of security devices (authentication solutions) that have been installed in numerous Banking and Financial institutions in different regions.
Cardholder
Merchants and acquirers
Issuer
Asseco SEE experienced specialists will tailor the best fit option for you considering your current environment and digital channels, number of users and strategic alliance regarding the online fraud risk management.
Both options, TriDES ACS for in house implementation or ACS hosting SaaS platform can be deployed as a TriDES standalone 3D Secure environment or tightly integrated with your authentication, fraud monitoring and card management infrastructure. Let’s hear from you!
Ensuring smooth migration from 3D Secure 1.0.2 to 2.1 is one of the major challenges for issuers who are already providing 3D Secure to cardholders.
New implementation and certification, coexistence of two programs at the same time, step by step or big bang migration strategy, maintenance of user experience and expectations are common questions. Let’s hear from you!
No matter of migration strategy, existing technical solution or 3D secure business process implementation, TriDES ACS can be deployed with existing ACS system, internal or external authentication solution and fraud monitoring system. Configured 3D Secure process can provide to the end user a smooth journey and uniformed experience toward 3D Secure 2.1 and risk based strong factor authentication. Let's hear from you!
Asseco SEE TriDES 3DSS (3DS Server), and MPI (Merchant Plug in) enable your online merchants to accept online card payments with cardholder authentication according to card scheme 3D Secure programs (VerifiedByVisa, MasterCard SecureCode/Identity Check, American Express Safekey, Diners/ProtectBuy, JCB J/Secure, NSPK Mir Accept) assuring them a liability shift to issuer in case of chargeback due fraudulent online transaction. Let’s hear from you!
By deploying Asseco SEE TriDES web API and mobile SDK, your web shop solutions and mobile purchase applications can have instantly built in support for 3D Secure program. Let’s hear from you!
Asseco SEE experienced specialists will tailor the best fit option for you considering your current environment and digital channels, number of users and strategic alliance regarding the online fraud risk management.
Both options, TriDES ACS for in house implementation or ACS hosting SaaS platform can be deployed as a TriDES standalone 3D Secure environment or tightly integrated with your authentication, fraud monitoring and card management infrastructure. Let’s hear from you!
Ensuring smooth migration from 3D Secure 1.0.2 to 2.1 is one of the major challenges for issuers who are already providing 3D Secure to cardholders.
New implementation and certification, coexistence of two programs at the same time, step by step or big bang migration strategy, maintenance of user experience and expectations are common questions. Let’s hear from you!
No matter of migration strategy, existing technical solution or 3D secure business process implementation, TriDES ACS can be deployed with existing ACS system, internal or external authentication solution and fraud monitoring system. Configured 3D Secure process can provide to the end user a smooth journey and uniformed experience toward 3D Secure 2.1 and risk based strong factor authentication. Let's hear from you!
Asseco SEE TriDES 3DSS (3DS Server), and MPI (Merchant Plug in) enable your online merchants to accept online card payments with cardholder authentication according to card scheme 3D Secure programs (VerifiedByVisa, MasterCard SecureCode/Identity Check, American Express Safekey, Diners/ProtectBuy, JCB J/Secure, NSPK Mir Accept) assuring them a liability shift to issuer in case of chargeback due fraudulent online transaction. Let’s hear from you!
By deploying Asseco SEE TriDES web API and mobile SDK, your web shop solutions and mobile purchase applications can have instantly built in support for 3D Secure program. Let’s hear from you!
