The specification takes into account these new payment channels and supports the delivery of industry leading security, performance and user experience.īesides the major global card brands we also see that some local card brands are also looking to adopt similar/identical means of authentication as defined in the 3-D Secure version 2 specifications. This led to the development and publication of the EMV® 3-D Secure – Protocol and Core Functions Specification. To reflect current and future market requirements, EMVco recognized the need to create a new 3-D Secure specification that would support app-based authentication and integration with digital wallets, as well as traditional browser-based e-commerce transactions. It is overseen by EMVCo’s six member organizations-American Express, Discover, JCB, Mastercard, UnionPay, and Visa-and supported by dozens of banks, merchants, processors, vendors and other industry stakeholders who participate as EMVCo Associates. EMVCo exists to facilitate worldwide interoperability and acceptance of secure payment transactions. It is based on a specification that has been drafted by EMVco. 3-D Secure version 2 is an evolution of the existing 3-D Secure version 1 programs: Verified by Visa, Mastercard SecureCode, AmericanExpress SafeKey, Diners/Discover ProtectBuy and JCB J/Secure.
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