jm + mastercard   2

3D Secure and Verified By Visa to be canned
Yay.
Mastercard and Visa are removing the need for users to enter their passwords for identity confirmation as part of a revamp of the existing (oft-criticised) 3-D Secure scheme.
The arrival of 3D Secure 2.0 next year will see the credit card giants moving away from the existing system of secondary static passwords to authorise online purchases, as applied by Verified by Visa and MasterCard SecureCode, towards a next-gen system based on more secure biometric and token-based prompts.


(via Gordon)
via:gsyme  verified-by-visa  3d-secure  mastercard  visa  credit-cards  authentication  authorization  win  passwords 
november 2014 by jm
Verified by Visa and MasterCard SecureCode kill 10-12% of your business
As Chris Shiflett noted: not only are they bad for security, they're bad for business too.
12 percent of users consider abandoning [an online shopping transaction] when they see either the Verified by Visa or the American Express SafeKey logos, while 10 percent will consider abandoning when the see the MasterCard Secure card logo.
ecommerce  vbv  online-shopping  mastercard  visa  securecode  security  fail 
june 2013 by jm

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