What's new with 3D Secure 2.0?
3DS 2.0 represents a marked improvement on 3DS1, which had a reputation for being slow, non-user-friendly, and sometimes even damaging to customer trust.
Rather than only relying on static passwords, 3DS 2.0 enables the use of dynamic authentication through biometrics and token-based authentication methods.
Improved risk assessment
3DS2 has significantly increased the quantity of data sent to issuers, leading to more accurate risk assessments and higher acceptance rates.
Improved user experience
High risk transactions can now be presented with a user-friendly procedure such as OTP (challenge flow) that can take place entirely within your website or app.
Reduces cart abandonment
Integrating the 3DS experience into the users shopping journey minimizes disruption and reduces the chance that they’ll abandon their purchase in frustration