As one of the first payment networks to upgrade to the latest version of the security protocol, American Express intends to provide a more secure checkout experience. To be more specific, Through SafeKey 2.3, American Express is offering protection for purchases on gaming consoles and headless devices, such as smart speakers. It also provides further biometric support, payment information, and user interface improvements.
The latest version also includes a new feature called Secure Payment Confirmation. This is a Web API that offers added biometric support to SafeKey, making it easier for merchants to authenticate transactions. These security capabilities reduce the risk of fraudsters tricking Card Members into revealing one-time passcodes. Additionally, Card Members can use this improved usability for online and mobile purchases within apps.
SafeKey is American Express’ security standard for online transactions, based on the 3D Secure protocol for card-not-present transactions. Before officially updating to the latest version, SakeKey 2.3, the payment network secured a series of previous updates to improve its security.
At the beginning of October 2023, American Express added face and fingerprint biometrics recognition to SafeKey for online transactions, to meet regulatory requirements and securely streamline online checkout through a pilot program. These technologies were designed to create a simpler authentication process with higher security over passwords alone, being supported on all major web browsers as well as iOS and Android platforms.
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