3-D-Secure also aims to increase the security of transactions in your online shop. It is a procedure for credit card payments that were developed by VISA at the time and is now also used by other major credit card providers. It is intended to reduce the risk of fraud and the loss of payments due to credit card fraud.
The process is as follows: After your customer has entered his credit card number, a connection is established to the respective credit card issuer, where the customer then confirms his identity by entering a code. Consequently, 3-D Secure is also a two-factor authentication process. Only after this authentication has been successfully carried out will the credit card payment be executed. Learn more about fraud prevention for financial service providers: https://riskident.com/en/fraud-prevention-financial-sector/