EMVCo this week announced it has released the most recent version of its 3-D Secure (3DS) authentication technology. 3DS 2.3 contains enhancements enabling simpler implementation across multiple digital channels and devices. The standards-setting body said the updates will help issuers spot fraud faster and make the authentication experience for consumers more streamlined.
New features in 3DS version 2.3 include:
- New Split-SDK model with multiple variants makes it easier to implement across payment channels and IoT devices (e.g., digital home assistants)
- Support for WebAuthn (Web Authentication) and SPC (Secure Payment Confirmation) to more accurately identify fraudulent transactions
- Support for device binding, which enables the consumer to be remembered on their device and can reduce the need for authentication challenges
- Automated out-of-band (OOB) transitions, which help the consumer to switch seamlessly between a merchant application and an authentication application
- Additional recurring transaction data and EMV Payment Token data, which help issuers to better identify the transaction and can simplify the authentication experience for future purchases
“Fighting payment fraud and reducing checkout friction is key to businesses delivering a safe and convenient online shopping experience for their customers,” said Robin Trickel, chair of the EMVCo Executive Committee. “EMVCo continually collaborates with the payments community to look for opportunities to optimize efficiencies, improve usability and promote consistency, without compromising security. We are excited about the potential of EMV 3DS version 2.3 to support the delivery of better, safer checkout experiences in new digital payment scenarios.”