Current systems MasterCard Secure Code and Verified by Visa are both based on the 3D Secure protocol, which was developed by Visa to reduce fraudulent credit and debit card transactions online.
It works by forcing people to enter a password into a pop-up window, enabling the card issuer to confirm their identity before the transaction completes.
The post Mastercard and Visa to kill off password authentication appeared first on Trunews:.
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