
Explain the transaction logic of 3DS 1.0 and 2.0, including how enrollment affects authentication, authorization, and settlement via issuers and card networks.
Show how card networks use different names for the same EMV authentication system—Verified by Visa, Mastercard SecureCode, CFT by American Express—while the underlying process remains standardized.
This lecture compares 3D Secure 1.0 and 2.0, showing 2.0's elimination of static passwords, use of otp or biometrics, expanded data points, guest checkout with card on file, and tokenization.
3D Secure 2.0 shifts liability to issuer bank, increases approval rates, reduces fraud and disruptions for customers, merchants, and financial institutions, and supports biometric and two-factor authentication for seamless payments.
Explains how 3D Secure 2.0 and PSD2 mandate strong customer authentication for electronic payments, detailing the three factors and two-factor requirements with exemptions.
Power of Digital Payment Security: Defend Against Evolving Threats!
The ever-expanding world of digital payments has brought about countless opportunities, but it has also given rise to new-age fraudsters and hackers who are more cunning than ever. Staying one step ahead of these threats is crucial to safeguarding our financial well-being. Among all the sectors impacted by fraudulent activities, e-commerce, specifically Card-Not-Present Transactions (CNP), bears the brunt of these risks.
In this dynamic and business-centric course, we'll unveil the secrets of 3D Secure (3DS) 2.0 in digital payments and how it acts as a formidable shield against fraudulent transactions.
But before you embark on this enlightening journey, we encourage you to explore the comprehensive curriculum and ensure it aligns with your objectives.
Here's a sneak peek of what you'll master:
Unearth the Essence of 3D Secure: Learn what it is and how it plays a pivotal role in digital payments
Decode the Distinction: Understand the fundamental differences between Card Present and Card Not Present Transactions
Explore the Three Domains of 3D Secure: Delve into the critical domains and their significance
Master Important Terminologies: Equip yourself with essential terminology to navigate the landscape
Navigate Transaction Flow: Uncover the intricate steps of the transaction flow in detail
Grasp the Concept of Liability Shift: Understand the liability shift mechanism and how it works
Meet EMV 3D Secure: Get acquainted with EMV 3D Secure and its relevance
Dive into Data Points: Explore the data points involved in 3D Secure
Discover the Power of 3D Secure 2.0: Understand how 3DS 2.0 aligns with the Second Payment Services Directive (PSD2) of the European Union and Strong Customer Authentication (SCA)
This course is your passport to becoming a guardian of digital payment security. Join us as we demystify the world of 3D Secure 2.0, setting you on a path to enhanced knowledge and confident transactions.
We eagerly await the opportunity to meet you in the course, where your journey towards becoming a vigilant digital payment guardian begins.
Happy Learning!
With Best Regards,
The Global FinTech Academy
"Our unwavering commitment is to provide our students and clients with top-tier training, marked by quality and excellence, consistently earning us 5-star ratings."