3D Secure is an online service that safeguards payment transactions over open networks in the electronic commerce environment by authenticating a cardholder’s identity at the time of purchase. This service is known as Verified by Visa and MasterCard SecureCode.
3D Secure Increases both cardholder and merchant confidence in Internet purchases, and reduces disputes and fraudulent activity related to the use of Visa payment cards. 3D Secure protects merchants from fraud-related chargebacks on all personal debit and credit card transactions, even when processing transactions from non-participating issuers.
Benefits of 3D Secure are:
- Reduction in chargebacks
- Ability to accept more good orders
- Eligibility for lower processing rates
- Increased customer confidence while shopping at your online site.
For more information on how Elite’s processing solutions can help your business grow revenue and reduce fraud: Call 877-330-3313 or email@example.com