3-D Secure
3-D Secure is a way to protect both the consumer and the merchant on the Internet.
Merchants are protected because cardholders must identify themselves by entering a secret known only to the cardholder. This makes the transaction equal to a purchase where the customer is present in the shop.
By enrolling their card for the 3-D Secure service, the cardholder has a better protection against fraudulent transactions on their card.
What does the merchant have to do?
If you are an Internet merchant, tell your bank that you are interested in 3-D Secure. The bank will then enrol you as a merchant with Visa and MasterCard, respectively. If you as a merchant provide your own payment methods, you will need to implement an interface to CEKAB’s 3-D Secure service. If you purchase a service from a third party offering 3-D Secure, you must advise the third party that you in turn have enrolled with 3-D Secure.
By offering 3-D Secure, either via a third party or by using the CEKAB service, you will benefit as a merchant from a ”liability shift” which indemnifies you from liability in the event of fraud.
PSP – Payment Service Providers
If you are a PSP whose clients use different acquiring banks, you can offer your clients an independent 3-D Secure service. CEKAB’s 3-D Secure service is easy to implement, as well as economical and safe.
Enrolling a card for 3-D Secure
As a cardholder you can contact your bank, in this case the bank which issued your card, in order to register the card with 3-D Secure. This is known as "enrolling" the card. Some banks offer the service to enrol the card via your Internet bank.
You will then be assigned some form of secret which must be used when shopping on the Internet. This way it will be harder for anyone to make unauthorized purchases on your card. If the card is used for unauthorised purchases on the Internet, it is easier for you as a cardholder to contest the purchase/s.
Where does CEKAB come into this?
CEKAB offers a 3-D Secure service to Internet merchants, PSPs and other potential users.
This service is independent of the acquiring bank used by the Internet merchant. In other words, you can use the CEKAB 3-D Secure service regardless where the purchase transaction has to be forwarded.
Cardholders – Make demands on Internet merchants!
When you as a cardholder have enrolled your card with 3-D Secure via your bank and subsequently shop on a website that offers 3-D Secure, you can be confident as a cardholder that you will only be charged for your own purchases. Unauthorised use of your card is very easily contested.
As a consumer - Demand that your favourite websites offer you 3-D Secure! At CEKAB, we are pleased to be of service – feel free to tell them about us.