3D Secure is an indispensable security technology in today's digital age, helping businesses feel secure when making online payment transactions. So, what is 3D Secure?? Let's join SeABank to learn more about the operating mechanism, benefits, and importance of 3D Secure in the current booming online payment context.

What is 3D Secure?

3D Secure is a modern security technology that enhances the safety of cardholders when making online payments. This mechanism requires customers to verify their identity with an OTP (One Time Password) code - a one-time password sent by the banking system to their phone number via SMS during the transaction. The OTP code is usually only valid for 30 seconds to 2 minutes, ensuring that only the cardholder can complete the payment.

3D is one of the current online transaction security technologies.

Benefits of 3D Secure in online payments

Currently, 3D Secure is considered a solid security shield, playing an important role in authenticating cardholders and protecting the safety of each transaction. Businesses can refer to some of the outstanding benefits of 3D Secure in online payments below to better understand the security value that this technology brings:

Enhanced authentication, ensuring cardholder accuracy

Instead of relying solely on card information, 3D Secure adds a layer of multi-factor authentication by sending a one-time password (OTP) to the cardholder’s phone number or email. This process ensures that each transaction can only be completed by the cardholder, eliminating the possibility of fraudsters exploiting stolen information.

Popular OTP forms that businesses can refer to today are:

SMS OTP: OTP code is sent via SMS, valid for a maximum of 5 minutes, and includes information for customers to identify the purpose of use.
Email OTP: OTP code is sent via email, valid for up to 5 minute,s and shows the purpose of use to the customer.
Voice OTP: OTP code is sent via voice call, valid for up to 3 minute,s and accompanied by a clear notification to the customer.
Soft OTP: OTP code is generated from the application installed on the mobile device (separate application or integrated Mobile Banking), valid for a maximum of 2 minutes.
Token OTP: OTP code generated from a specialized device, can be random or combined with a transaction code, valid for a maximum of 2 minutes.

Prevent fraud remotely, protect business assets

Even if the card data (card number, expiry date, CVV code) is accidentally exposed, 3D Secure is still the last barrier to prevent unauthorized transactions. Thanks to the OTP code requirement, all fraudulent payment activities are disabled, helping businesses protect assets from unwanted risks and losses.

Using 3D Secure will help prevent fraudulent transactions.

In addition, businesses also need to note some important points to use OTP codes safely:

Do not share OTP with anyone: Whether in the form of a call, text message, email, or social media - banks and financial institutions never ask you for an OTP.
Only enter OTP on official channels: Only enter OTP on the bank/business's official website or application; avoid clicking on strange links.
Check the notification content with OTP: Make sure the OTP is sent for the correct transaction you are making.
For devices receiving and using OTP codes: You should regularly change your password, set a strong password for your phone, and avoid using public wifi or strange devices to make transactions.

Minimize complaints, optimize business processes

For businesses, applying 3D Secure not only helps reduce complaints and chargeback requests but also ensures that all transactions are authenticated. This authentication mechanism helps banks and card accepting units clearly identify customers as the ones making the transactions, thereby limiting fraud, handling disputes quickly, and maintaining stable business operations.

Should I use a payment card with 3D Secure?

The answer is definitely YES! With the rise of e-commerce and online payments, using 3D Secure integrated cards helps businesses protect their accounts against fraud risks while ensuring all transactions are safe and transparent.

Currently, many banks have applied 3D Secure technology, in which one of the pioneering banks applying this technology is SeABank with Visa Corporate and Visa SeAMileage business credit card products. When using this pair of cards, businesses are not only maximally protected but also demonstrate professionalism and transparency in spending management.

You should use 3D Secure for safer online transactions.

Transactions are safer with 3D Secure on SeABank Visa Corporate and SeAMileage cards

Nowadays, managing cash flow and business expenses requires absolute flexibility and safety. Understanding that, SeABank offers comprehensive financial solutions with the Visa Corporate Credit Card and the SeAMileage Co-branded Credit Card, both integrated with 3D Secure, helping businesses to flexibly rotate capital, make safe payments, and optimize spending efficiency.

Highlights of the SeABank card duo include:

Superior safety and security

Both Visa Corporate and SeAMileage cards are accepted. Equipped with international standard EMV chip and contactless payment technology modern, helps to maximize card data security and prevent the risk of information copying. In addition, the 3D Secure feature adds an extra layer of security, ensuring only the authorized cardholder can make online transactions.

In addition, businesses can also easily track and control spending on the card via the SeANet/SeAMobileBiz application, providing peace of mind and effective financial management.

Flexible capital management

With flexible credit limits, businesses can use SeABank Visa Corporate cards to proactively spend first and pay later, make domestic and international payments, with convenient foreign currency conversion features, and enjoy incentives. interest-free up to 55 days.

In addition, SeAMileage is a co-branded credit card of SeABank - Vietnam Airlines, which not only meets financial needs but is also optimized for businesses that frequently travel. Each spending transaction helps accumulate Golden Lotus miles at an extremely attractive rate.

Spend smart, earn miles easily with SeAMileage

Optimal utilities, attractive refunds

The SeABank Visa Corporate Card allows payment and cash withdrawal at millions of POS and ATMs worldwide, meeting all transaction needs. Pay off debt quickly and flexibly through many electronic banking channels and associated services. In addition, each spending transaction brings bonus points unlimited monthly cashback, helping businesses save costs.

Unlimited monthly cashback with the SeABank Visa Corporate card

Meanwhile, the SeAMileage card opens up a classy flight experience with Golden Lotus membership upgrade incentives (Titanium, Gold, Platinum) and attractive privileges at the BRG-SeABank ecosystem.

Conclude

Through this article, we hope that businesses have an overview of what is 3D Secure? and the importance of this technology in protecting online transactions. To improve the safety of online transactions, businesses can refer to the right Convenient and highly secure payment solutions and card services from SeABank.

For more information, please call hotline 1900 599 952 or contact the nearest Branch/Transaction Office for advice and support.