Successful adoption of 3D Secure authentication continues to grow globally, according to study from Ravelin
The adoption of the latest version of 3D Secure authentication for online payments has significantly increased around the world, according to a new report by fraud prevention specialists Ravelin.
The global average for transactions passing through the latest version (3DS2.2) has shot up to 17% from 1% in H2 2022. The frequency of version updates in 3DS2 is fast but so far the industry seems to be keeping pace. 2022 saw the final deprecation of the 3SD1 protocol.
Ravelin’s Global Payment Regulation Report highlights generally positive authentication success rates especially compared historically to 3.1. UK and Ireland merchants, for instance, saw 81% authentication success on 3DS 2.1 and 82% success on 3DS 2.2. Globally, authentication rates are similarly strong.
But significant numbers...