What is payment authentication?
Payment authentication is a security check used for online payments. It helps confirm that the person making the payment is authorized to use the selected payment method.
This helps prevent unauthorized payments and the misuse of stolen payment details.
How does payment authentication work?
Different authentication methods may be used depending on the payment method and the transaction. In some cases, the customer may be asked to complete an additional verification step.
One widely used method for online card payments is 3D Secure (3DS). It adds an extra layer of verification to confirm the cardholder’s identity before the payment is completed.
Why is payment authentication important?
Payment authentication helps make online payments more secure and protects both customers and merchants from fraudulent or unauthorized transactions.