“EMV 3D SECURE – A Stepped-up Approach to Payment Authentication” Conference
According to MasterCard, card not present transactions (CNP) today account for 22% of transaction volume but make up59% of fraud. Meanwhile, transactions tend to migrate into online payment channels.
Launched in 1999, transaction authentication via 3D Secure 1.0 protocol (3DS 1.0) has become familiar to global payment card users in their process of online transactions at merchants. However, after a long time of use, the 3DS 1.0 protocol has revealed weaknesses that need improvement to meet the increasingly demanding user experience.
In response to the limitations of 3DS 1.0 authentication, also to catch up with the global financial trend, EMV 3DS version (as known as 3D Secure 2.0) was built by EMV Co with the target of balancing the convenience and security at the highest level for issuers and merchants. Moreover, EMV 3DS solution offers a wide range of improvements that meet and enhance the security for users.
With the desire to help card issuers and merchants approach and have deeper understanding about EMV 3DS version, MK Group has collaborated with 2P2C,the Thailand- based and leading expert in payment services in southeast Asia to organize the “EMV 3D SECURE – A Stepped-up Approach to Payment Authentication” conference as following schedule:
Hanoi: Tuesday, March 5th2019 at Melia Hotel, 44 Ly Thuong Kiet Str., Tran Hung Dao Dist.
HCMC: Wednesday,March 6th, 2019 at Majestic Hotel, #1 Dong Khoi, Dist 1.
We expect that, with the knowledge obtained from the Conference, financial card issuers and merchants will have addition methods to enhance current security features and prevent fraud, along with improving customer experiences and keeping up with global trend of adopting 3D Secure technology.