Read the Outseer Fraud & Payments Report for Q3, 2021

Top Reasons to Adopt EMV 3-D Secure

EMV 3-D Secure 2.x helps prevent fraud by enabling consumers to authenticate themselves with their credit and debit card issuers. This e-book reviews the drivers to adopt the new version of the EMV 3DS protocol.

$4.2 Trillion Reasons to Adopt EMV® 3-D Secure 2.x

Digital transformation is reinventing everything. Covid has further accelerated these trends and has helped
mobilize a massive shift toward digital channels. Global spending on e-commerce reached $4.2T in 20201, a
growth of almost 28% since the prior year. This fast rate of growth is estimated by some to have accelerated
e-commerce adoption by as much as five years versus what had originally been predicted pre-pandemic.

As new models scale, organizations must be prepared for the potential increase in payment risks and
challenges that may come with them. Nilson estimates gross payments fraud reached almost $31 billion
in 2020[3], with card-no-present (CNP) fraud, including purchase made via mobile devices, associated with
~65% of the fraud losses.

The growth of CNP fraud is fueling increased interest in the EMV® 3-D Secure 2.x protocol (3-D Secure 2 or
3DS2) – a messaging protocol designed to provide an additional layer of protection to help prevent fraud by
enabling consumers to authenticate themselves with their payment card issuers when making purchases
online, via mobile or when using other IoT devices.

Here are some of the top reasons to adopt 3DS2 – the latest version of the EMV® 3-D Secure protocol.