Mobeewave reveals 3DS contactless payment solution for merchants

Mobeewave has revealed it is launching a suite of new features that remove current contactless payment limits for merchants and consumers, using its tap-to-phone tech.

Mobeewave Limitless is a full suite of high value transaction contactless tap-to-phone features that cater to the varied authentication challenges, regulatory environments, and Cardholder Verification Method (CVM) requirements across North America, Europe, and APAC. It includes a secure PIN-based solution and one that leverages a user’s CVV number to authenticate their payment. In addition, one solution in the Mobeewave Limitless portfolio leverages 3-D Secure 2.0, a newly released security standard that is used for online CNP transactions, effectively removing the need for a PIN to be used to authenticate the cardholder during a tap-to-phone payment. Combined with a card tap, Mobeewave’s 3DS solution combines authorisation with authentication methods without the need for PIN, enabling a high value contactless transaction by initiating a 3DS check, which provides an authentication request to the consumer on their own device.  This solution also shifts the chargeback and fraud liability from the merchant to the card issuer.