3-D Secure involves three different parties during the process of payment:
- Issuer domain or the bank that has issued the card being used
- Acquirer domain or the merchant / acquirer to which money is being paid
- Interoperability domain which is the network being used like Visa / MasterCard
A transaction being carried out through 3-D Secure technology redirects the payment process to the website of the bank that has issued the card to authenticate the transaction. 3-D Secure ask shoppers to enter either a static or dynamic password to help confirm the identity of the cardholder during the time of purchase. For first time shoppers, a registration process may be available at the time of transaction itself. 3-D Secure is an established means of reducing all types of online fraud. It also helps merchants reduce the online costs of managing a payment service.
A transaction being carried out through 3-D Secure technology redirects the payment process to the website of the bank that has issued the card to authenticate the transaction. 3-D Secure ask shoppers to enter either a static or dynamic password to help confirm the identity of the cardholder during the time of purchase. For first time shoppers, a registration process may be available at the time of transaction itself. 3-D Secure is an established means of reducing all types of online fraud. It also helps merchants reduce the online costs of managing a payment service.