HiTRUST has achieved notable accomplishments in the field of EMV 3DS and payment security. Here are our industry highlights.
EMV 3DS with OTP Flow
Due to the above-mentioned drawbacks, the payments industry recognized the need to create a new 3-D Secure specification to better reflect current and future market requirements. Thus since January 2015, EMVCo, a company which is collectively owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa, were developing the EMV 3DS 2.0 Specification and in October 2016, the specs for 3-D Secure 2.0 was published.
Supports in-app payment on mobile and other consumer devices
Improves the consumer experience by enabling intelligent risk detection to streamline authentication process
Specifies use of multiple options for step-up authentication, including one-time password and biometrical recognition
Enhancements that enable merchants to integrate the authentication process into their checkout experiences
Improve message processing capacity of merchants, issuers, and acquirers
Adds the non-payment message category to provide cardholder verification details to support various non-payment activities, such as adding a payment card to a digital wallet.
Liability shift | Issuer deadline | Acquirer deadline | |
VISA | 2019/04 | 2019/10 | 2020/10 |
Mastercard | 2018/10 | 2019/10 | 2020/10 |
JCB | 2019/04 | 2019/10 | 2020/10 |
CUP | 2019/11 | 2019/10 | 2020/12 |