3D Secure appears as a digital security infrastructure that protects not only consumers who pay online, but also companies that make collections.
As in the rest of the world, interest in online payments in Turkey continues to increase day by day. Especially with the digitalization move accelerated by the pandemic conditions, consumers; The rate of preference for e-commerce platforms and online shopping is also increasing. Interbank Card Center in Turkey regularly every month; Online payment data announced by institutions such as BRSA and the Central Bank also confirm this interest.
With increasing online payments, the importance of performing these transactions securely increases. Thus, it enables consumers to complete their online payments safely. 3D Secure is one of the methods preferred by companies, banks and other institutions that receive online payments.
What is 3D Secure? How is it working?
3D System; It comes from the three-domain model used to provide an additional layer of secure authentication between the financial authorization process and the online identity verification process. 3D uses XML messaging and SSL communication to secure and verify transactions.
Users enter their credit card information and personal information on the screens to make the payment. After the information is entered, verification takes place via SMS when the 3D Security system is activated. 3D Secure system, which increases the security level and makes payments safer; It is completed by users entering the confirmation code sent as SMS to their registered phones.
3D Secure Working Stages
#one- Collecting Card Information; The cardholder enters their unique credit/debit card data.
#2- 3D Secure Registration Confirmation; The system checks whether the card is registered with 3D Secure.
#3- Redirection to the provider’s 3D Secure page; If the 3D registration is approved, the customer is directed to a 3D Security page provided by the card provider.
#4- Additional Security Authentication; will be asked to enter a one-time authentication code that will be sent to their confirmed phone number.
#5- Redirection to the Seller’s Website; If cardholder authentication is successful, the cardholder is redirected to a merchant’s website for payment confirmation.
#6- Payment Confirmation; Upon returning to the merchant’s site, the customer will receive confirmation of a successful payment.
What are the advantages of 3D Secure System?
With the 3D Security system, users credit Card information is protected with special encryption methods. Thus, it prevents transactions with stolen cards by sending confirmation to the mobile phone to which the credit card is connected.
With the increase in the difficulty level of the operation; Private card information such as card number, SKT and CVC code; Even if it is taken over by third parties, unauthorized payments cannot be made.
An important benefit of 3D Secure; It protects both users and companies from the threat of payment fraud. By completing an additional authentication step via 3D Secure; The issuing bank becomes liable for fraudulent chargebacks. So, if the customer claims that there was an unauthorized charge on his card; Most of the time the card provider will be responsible for managing refunds.
