Verified By Visa, MasterCard SecureCode, 3DSecure and Securesuite are all names for the same service.
This service protects Credit and Debit cardholders from fraud in the eCommerce channel, by asking the cardholder to authenticate using personal information.
RSA provides this service to many card issuers in the world and has a few more services that provide stronger protection, like Transaction Monitoring for eCommerce, Adaptive Authentication for eCommerce and the use of One Time Passwords as a stronger authentication method.
The protocol is called 3DSecure since it requires 3 dimensions:
In this process, the cardholder needs to authenticate as genuine users by submitting personal information (set by the issuer). Upon successful authentication, users are requested to select a password which will be used in all future transactions and is known only to them.
The 3DSecure process begins before the authorization process and is an independent stage.
The cardholder may pass authentication (3DSecure) but the transaction may be rejected since the card doesn?t have sufficient funds/reported stolen or lost.
Therefore a successful 3DSecure transaction does not mean approval that the transaction was approved by the issuer.
However if the 3DSecure transaction failed (authentication failed) then the authorization process will not take place at all.
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