What is 3-D Secure (3DS)?

• 3-D Secure - is a credit card authentication program implemented by Visa (Verified by Visa) and MasterCard (MasterCard SecureCode) to reduce fraudulent purchases by verifying purchaser identity during online transactions. The objective of 3-D Secure is simple - to assure the vendor that the card issuer bank believes that it is the legitimate cardholder who is using the card to make a purchase. The issuer bank authenticates cardholders by their passwords which are verified by the issuers.

Although Gate2Shop meets and exceeds the 3-D secure compliance standards set by Visa (VbV) and MasterCard (MSC), Gate2Shop takes security to the next level with the 3-D Secure Account. By offering an alternative to the standard accounts, the 3-D secure Accounts require the end users to enter a secure pin code in order to complete their online transaction.

While providing the added security to the end user, the 3-D Secure Account virtually eliminates the possibility of fraudulent chargebacks to the online vendors. By eliminating chargebacks the vendor is able to maintain their credibility and receive the profit from their online sales without the ever dreaded chargebacks and bank fees.

Gate2Shop provides the 3-D Secure Service at no additional cost and without additional fees, this is just another of the proactive solutions that vendors receive.