3D Secure Payment is a security protocol developed to make online transactions with credit and debit cards more secure.
How It Works
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Shopping: The customer shops online and proceeds to the payment page.
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Card Information: The customer enters their card information (card number, expiration date, CVV code).
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3D Secure Verification: Before completing the transaction, the customer is redirected to their bank's 3D Secure verification page.
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Password Entry: The customer enters the one-time password (OTP) sent by the bank (via SMS, email, or bank app) or their static 3D Secure password.
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Identity Verification: The bank verifies the customer's identity and approves the transaction.
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Transaction Completion: If the verification is successful, the payment is completed and the customer receives their order.
The 3D Secure Payment system makes online transactions more secure for both consumers and merchants