Visa, Federal Bank partner to launch Visa Secure for ecommerce

Monday 13 July 2020 14:40 CET | News

Visa has partnered with the Federal Bank to roll out Visa Secure to the bank’s cardholders and facilitate the authentication process in India.

According to CNBC, Visa Secure is a global authentication programme that uses the latest standards of the EMV 3DS protocol, providing additional layers of authentication for issuers and merchants to combat online frauds.

Therefore, Visa Secure will facilitate user experiences across multiple payment channels, including mobile, web, in-app, and connected devices. Moreover, the Visa Secure platform has integrated additional transaction attributes that ease authentication and reduce online shopping cart abandonment.

Overall, merchants and issuers have started deployment of the Visa Secure globally, while the company continues to expand its partnerships in India to support EMV 3DS based solutions, with a focus on delivering improved payment experiences, CNBC reported.

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Keywords: Visa, Visa Secure, India, Federal Bank, cardholders, 3DS, issuers, merchants, online frauds, mobile payments, online shopping, cart abandonment, ecommerce, authentication
Categories: Payments & Commerce
Countries: India
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Payments & Commerce

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