Risk-based authentication means more legitimate sales.
When it comes to online transactions, consumers expect both fraud protection and smooth transactions. And creating better shopping experiences for cardholders is good for business—keeping your card top-of-mind and top-of-wallet.
The vast amount of valuable data available with EMV 3DS can play a pivotal role in your authentication strategy—greatly reducing the number of transactions challenged. And by supporting a wider range of devices, EMV 3DS payments can run in both browser-based and in-app solutions, for a consistent look and feel across all merchant interfaces.
With Layer7 Payment Security Suite you have the flexibility and freedom to set your preferred fraud thresholds, which determine when step-up authentication should be introduced. Legitimate cardholders don’t have to deal with the hassle of multiple authentication steps, while the bad guys are more likely to be rejected.
Multi-factor authentication (MFA) not only reduces fraud risks, it is also necessary to comply with governmental regulations such as the European Banking Authority’s Payment Services Directive (PSD2).
Bottom line? There’s no need to compromise—strike the right balance with Layer7 Payment Security Suite and stay in control.