PayLane now provides all the merchants with the ability to integrate with the 3-D Secure transaction protection system for increased cardholder security and limited. merchant responsibility for the fraudulent transactions.
3-D Secure technology (implementations are Verified by Visa and MasterCard SecureCode) allows cardholders to perform additional authorization of the internet transaction directly on the website of their issuing bank. For the cardholder it means additional and increased security.
Using 3-D Secure when performing sales ensures that merchants are protected against fraudulent transactions. Card Schemes (Visa/MasterCard) are taking the liability for fraudulent transactions off the merchant once the transaction is coded as 3-D Secure, even if there was no authorization because the issuing bank doesn't support 3-D Secure!
