Business
Ready for 3-D Secure?
The next step in the fight against on-line fraud is about to be taken as Visa and Maestro adopt 3-D Secure. These arrangements will be known as ‘Verified by Visa’ and Mastercard Secure respectively. 3-D secure provides for an extra step in the card payment process which requires the customer to type in the equivalent of a PIN number. The extra security this allows is the equivalent of the a card PIN number now common for offline usage and provides a far higher confidence that the user of the card is actually the card holder. 3-D secure will be recommenced to customers by their card issuing banks as an extra (free) service and many will no doubt be taking this up given it makes it far more difficult for someone to use their card should they loose it. For the e-commerce sit owner key benefits include:
