4 ms·
If 3D is anything like the silly Verified by Visa, it's atrocious. Some strange domain that sounds like a generic phishing attempt. Random password with suppose
by MichaelGG 12y ago
If 3D is anything like the silly Verified by Visa, it's atrocious. Some strange domain that sounds like a generic phishing attempt. Random password with supposedly a secure phrase to indicate they know me... But anyone with my card details can look that up and show it for me. I see no value in such systems, and they must murder conversion rates.
- Silhouette 12y ago3-D Secure is the umbrella term for schemes like Verified by Visa, and yes, there has been a lot of criticism of both the added security (or not) and the disruption to the payment process and consequent hit on conversion rates. The major advantage for merchants of using these schemes is that liability for various types of card fraud is shifted elsewhere, instead of the merchant getting dumped with the cost of fraudulent transactions even if they did nothing wrong except trust the payment services to do their job. Much of this is likely to change again early next year, because there are SEPA-wide rules coming in that require strong authentication for Internet payments. Even the giant payment services can't ignore them, because liability for fraud on their networks is (finally) going to land on them whether they like it or not after the new rules take effect.