EMV 3DS version 2.3.1 introduces new data and features to streamline consumer authentication and enhance card-not-present (CNP) fraud prevention
29 September 2022 – Global technical body EMVCo has released an update to the EMV® 3-D Secure (3DS) Specifications to help issuers and merchants combat growing card-not-present (CNP) fraud risks. EMV 3DS 2.3.1 builds on earlier versions of the specifications with new data elements and flows that streamline consumer authentication and enhance card-not-present (CNP) fraud prevention. To maximise efficiencies and continue to promote a seamless payment experience, EMV 3DS 2.3.1 is effective immediately and replaces EMV 3DS 2.3.0.
Key enhancements in EMV 3DS 2.3.1 include:
EMVCo has also developed an EMV 3DS Bridging Message Extension that enables current 2.1 and 2.2 products to utilise selected features introduced in version 2.3.1.
Rich data and flexible authentication methods can help issuers and merchants better determine the legitimacy of a transaction, reduce the risk of fraud and improve the payment experience for consumers. EMV 3DS 2.3.1 brings further collaboration with FIDO Alliance and the World Wide Web Consortium (W3C), to further enhance the EMV 3DS Specifications to help issuers and merchants mitigate card-not-present (CNP) fraud and increase the security of online payments.
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