Authentication Types

Arcot for Issuers fits into the Issuer Domain of the EMV 3-D Secure protocol. It verifies the identity of the cardholders during online purchase transactions. The solution supports a wide variety of authentication types which are easy to integrate and at the same time provide strong protection for your cardholders against the online fraud. 

Risk-Based and Strong Authentication Working Together Today’s online shoppers are well aware of their exposure to data breaches and payment fraud. When it comes to security, consumers need confidence in their issuer. At the same time, they want an uninterrupted and hassle-free transaction experience. Payment Security Suite helps you know if and when step-up authentication should be introduced. This means the majority of transactions proceed without interruption. Your legitimate cardholders don’t have to deal with the hassle of multiple authentication steps, and the fraudsters are more likely to be rejected. You have the flexibility and freedom to set your desired fraud thresholds based on portfolio needs. For example, an issuer can prioritize customer experience by setting thresholds so that 95% of transactions go through unchallenged. The remaining 5% are either challenged with a secondary authentication request or flat out denied. For the small percentage of transactions that must be challenged, a variety of authentication methods, including OTPs, push notifications and biometrics are available—enabling advanced authentication that is both flexible and scalable. Multi-factor authentication not only reduces fraud risks, it is also necessary to comply with governmental regulations such as the European Banking Authority’s Payment Services Directive (PSD2).