3D Secure 2.0: What ChargeHive is doing for you 

A follow up from original 3D Secure 1.0, this new update takes into account digital payment methods and to ensure compliance with overarching SCA and PSD2 requirements.

Trust ChargeHive with managing your 3D Secure 2.0 compliance and never worry about PSD2 regulations again. 

 

 

 


ChargeHive is free to use until 1st January 2020.

Sign up to get early access when the platform is launched in the next couple of weeks.

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How 3D Secure 2.0 will affect your business

The new 3D Secure 2.0 (3DS2) will have a profound effect on the entire payment ecosystem.  3DS2 updates from the previous edition to take into consideration rising digital payment channels like digital wallets and new regulations through PSD2 and Strong Customer Authentication (SCA).

Whilst 3DS1 followed simple challenge rules, such as verification of code on a static webpage or SMS authentication, 3DS2 brings in new rules that is facilitated by a more seamless data exchange between the merchant, the card holder and the bank. Even with further regulations, 3D Secure 2.0 is designed to create a better customer experience, with frictionless customer identification, leading to reduced card abandonment and a shorter check-out process. 

What we are doing

As part of our ongoing commitment to our customers, we have been working closely with various payment gateways to ensure that our customers can be confident knowing our wide range of payment services will support the latest PSD2, SCA and 3DS2 regulations.

Our team have developed a configurable programme, letting you dynamically apply 3D Secure 2.0 requirements for card payments when accepting transactions from customers within Europe, with no disruption to the customer experience.

What do you need to do as a ChargeHive Customer

As long as you have ChargeHive on board, you can continue accepting payments normally and we'll cover the rest. As a ChargeHive user, you have the option to apply 3DS2 requirements to payments within Europe and turn them off for payments that don't.

With ChargeHive by your side, you can be confident knowing you are remaining compliant to the latest payment regulations as they happen.