Increased Use of Data, Biometrics in 3D Secure v2 Praised by Regula
With the deadline for upgrading to 3D Secure 2.0 passed, merchants can now offer a better user experience for payment processing with biometrics for step-up authentication replacing constant one-time passwords, Regula writes in a commentary sent to Biometric Update.
EMV 3D Secure version 1 was deprecated on October 15, 2022, and replaced by the 3DS 2.0, which complies with the Strong Customer Authentication (SCA) requirement of the EU’s Payment Services Directive 2 (PSD2).
Regula explains that the new protocol also provides a higher level of security by allowing merchants to transmit 10 times as many data elements to the cardholder’s bank with each transaction. Information about shipping address, the customer’s device ID, and previous transaction history can provide improved security while skipping the OTP step.