"Federated learning: out of reach no matter how close",Oleksandr Lapshyn
FSS Powering Payments 3D Secure
1. 3D Secure 2.0
- A STEPPED-UP APPROACH TO PAYMENT AUTHENTICATION -
CORPORATE PRESENTATION
Presented by:
Abhishek Binit Kachhap
2. Upcoming Deposits
E-COM LANDSCAPE AND FRAUD
FSS Tech
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$ 50215 ml.
Transaction value in India (2018)
› 35.41% from last week
› 29.47% from 6 months ago
(81%)
$186.54
CNP Fraud
Total retail losses
7.7 bn. world population
45% Failure rate for static password
70% PIN authentication drop rate
96%
Achievable success rate for SMS
OTP
1/10 of
Digital Channel
Transaction occurred globally over
4.2 bn. active internet user
E Com Shopper (Global)
E Com Shopper (India)
Approx. 1.6 bn
224.1ml.
(7%)
(81%)
3. THE 3D SECURE 2.0 PROTOCOL
FSS Tech
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3DS (3 Domain Secure)
Prevent fraud in transactions with credit and
debit cards online .
Payer Authentication is a three-part
process. The parties involved are the
seller, the buyer (the bank that processes
the payment) and card issuers
Additional security layer helps prevent
unauthorized CNP (Card not present
transaction) transactions and protects the
merchant from CNP exposure to fraud
3D Secure 2.0
Touch ID
Selfie Pay
Mobile OTP
4. Data Security and Reporting
Business Dashboards
Secure Services Infrastructure
Salable, On-Demand Services and Reliability
PROMISE OF AUTHENTICATION AS-A-SERVICE
Your Logo Here
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Accelerate Product Development and Innovation
Reduce Certifications and Compliance-related Labor
FSS Secure
3D
5. Upcoming Deposits
LIMITATIONS OF 3D SECURE 1.0
FSS Tech
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• Browser-enabled
• Enrollment required
• Static passwords
Vulnerable to phishing and “Man in the Middle”
attacks.
This is caused by the redirection to another URL for
the 3DS process.
• Fraudsters can generate a similar looking pop-up window
to steal personal credentials.
• Protocol also lacks support for native in-app purchases