Visa, enters into partnership with Federal Bank to deploy Visa Secure to the bank’s cardholders. Visa Secure will provide additional authentication layers for issuers and merchants to combat online frauds. In addition to this, the upgraded technology provides a quick and smooth checkout experience to consumers.
- This partnership will also enhance the focus of the bank on customer-centric digital solutions that make online shopping experiences seamless.
About Visa Secure
i.Visa Secure is a global authentication program that uses the latest standards of the EMV (Europay, Mastercard, and Visa) 3DS (3D Secure) protocol.
ii.It is built on the EMVCo 3DS 2.0 protocol which makes e-commerce more protected. It will minimise customer friction at point of purchase.
Note- The merchants and issuers have started to rollout Visa Secure globally.
Advantage of Visa Secure
i.Visa Secure will facilitate more user experiences across multiple payment channels, which includes mobile, web, in-app, and connected devices.
ii.It will enable merchants to integrate the authentication process into the shopping experience in a better way.
iii.It will also provide quick, simple, secure and convenient authentication to cardholders.
About Visa:
Headquarters– Foster City, California, United States
Chairman and CEO– Alfred F. Kelly, Jr.
About Federal Bank:
Headquarters– Aluva, Kerala
MD & CEO– Shyam Srinivasan
Tagline – Your Perfect Banking Partner
