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3D Secure trains customers to type their bank login into popups! It shifts fraud loss liability onto the customer who is even less prepared to deal with it tha
by supertrope 5y ago
3D Secure trains customers to type their bank login into popups!
It shifts fraud loss liability onto the customer who is even less prepared to deal with it than the merchant. Only a few merchants tried it like Newegg.com. It flopped because the hit to conversion was more than the fraud prevention. It usually fails open (allows transaction to proceed). Merchant side fraud detection is inherently inferior to the bank doing fraud filtering, but banks don't care. Not their liability not their problem.
- ratww 5y agoIf that happens then it's definitely an issue, but I've had a couple cards with 3D Secure for about 6-7 years and it's always 2FA using an app ("Did you really buy X at vendor Y?") or, before that, with a keychain hardware token. I wonder if there's rules depending on which country. When I worked for a small-time credit card "vendor" we could put pretty much anything we wanted in our iFrame.