3D Secure (Online / Card Not Present / eComm) Transaction Flow
While making an online payment, have you ever seen any of the above logo on the OTP page, depending on the card network you use? Visa - Verified by Visa Mastercard - Mastercard SecureCode American Express (Amex) - Safekey Discover and Diners Club International (DCI) - ProtectBuy Have you ever wondered what these mean? All of them are the proprietary names given by their own networks. Basically they are the 3D Secure protocol.😀 Let us decode them today in this article in the simplest form possible (only functional). I will explain the step-by-step transaction flow of eCommerce / Card Not Present (CNP) / Online transactions. When you see any of the above logo on the web page where you are making a payment, it means that your transaction is protected by the 3D Secure protocol. This security protocol adds an additional layer of authentication for online transactions to reduce fraud. If a transaction has happened on 3D Secure protocol, then in case of Chargeback, liability is shifte...