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Description
Three-Domain Secure (3DS or 3-D Secure) is a messaging protocol based on XML that allows cardholders to verify their identity with their card issuer during online purchases where the card is not physically present. This system plays a crucial role in minimizing unauthorized card-not-present transactions, thereby safeguarding merchants, issuers, and cardholders from potential fraud. By facilitating the transfer of cardholder information between the key players involved in a CNP transaction—namely the cardholder, merchant, card issuer, and payment processor—3-D Secure enhances security. Originally created by Visa in the early 2000s, the first version of this technology was known as Verified by Visa (VbV). Additionally, other major card brands have embraced services based on the 3-D Secure 1.0 framework, with MasterCard referring to it as MasterCard SecureCode (MCC), JCB International calling it J/Secure, and American Express branding it as American Express SafeKey. A significant advantage of implementing 3-D Secure is the transfer of liability for fraudulent transactions from merchants to card issuers, which effectively lowers the incidence of chargebacks. This system not only boosts consumer confidence in online shopping but also enhances the overall integrity of electronic payment systems.
Description
Privakey’s transaction intent verification offers a secure solution designed to enhance high-risk transactions between services and their users, now accessible as a cloud-based service. With fraud pervasive in today's marketplace, companies face stiff competition while striving to impress their customers and maintain a delicate balance between user experience and security. This ongoing challenge is becoming increasingly complex each year. So, how can businesses securely interact with their customers and foster trust during sensitive transactions without introducing additional hassle? The solution lies in Privakey. Transaction intent verification (TIV) effectively merges robust identity assurance with contextual responses to create a seamless user experience. Typical applications of TIV encompass payment confirmations, wire transfer approvals, and account update notifications. Our innovative approach employs asymmetric cryptography, mobile biometrics, and secure notifications to safeguard the integrity of every interaction, ensuring that both businesses and customers can engage confidently. As the digital landscape continues to evolve, embracing such advanced solutions is essential for maintaining a competitive edge.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Modirum
Country
Estonia
Website
www.modirum.com
Vendor Details
Company Name
Privakey
Founded
2016
Country
United States
Website
www.privakey.com