With the growth of digital commerce, people used to employ the number of sophisticated options for money transaction. Probably, online payments were made using credit cards; it has become more popular among the cardholders. Despite, it eases the chore of money transaction, still many cardholders be uncertain on this option. It is only because of fear about safety.

To strengthen the security of an online transaction and to bring trust among the cardholders, FSS (Financial Software and Systems) has launched secure3D. This option extends a smooth approach to authenticate cardholders and to safeguard the customers against fraudulent. Advanced machine learning algorithm has deployed to learn the customer transaction behavior, to detect strange transaction, and to adjust risk controls continually in line with an evolving fraud pattern.

Issuers can use a combination of variables such as cardholders, merchant, device, type of transaction and location to risk score every transaction and determine whether it includes any fraudulent action in it. Through this, both issuers and merchants can attain benefits in terms of improved customer experience, lowering the incidence of fraud, and reduced false positives.

Implementation of Secure3D also opens a wide range of benefits. The first thing is it brings confidence among the banks to open up debit cards for online payments alike credit cards. Since debit cards have used in abundance, still it is hard to trace during online payments. Including some verification methods such as address verification services, cardholder verification value bring trust among the cardholders to eliminate the fraudulent actions. The significant benefit to merchants of using this technology is the availability of liability shift for the transaction, which carried out successfully. Moreover, this offers a shield to merchants by card issuer against chargebacks. Hence, merchants can attain benefit even when issuers or cardholder is not taking part in it.

FSS Secure3D even supports various stepped-up verification measures such as one-time passcodes and biometrics including facial and fingerprint recognition methods. This option provides flexibility to the issuers to extend their authentication process. 

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