3D Secure Payment Authentication Market Is Likely to Experience a Tremendous Growth by 2029

Global 3D secure payment authentication market is anticipated to grow at a CAGR of 10.2% during the forecast period (2023-2030). Increasing Card-Not-Present (CNP) frauds across the globe and growing online & e-commerce shopping among consumers are major drivers behind the growth of the global market. In addition, advancements in 3D secure (3DS) payment authentication technology to enhance customer experience are further increasing the market growth. Advanced technologies strengthen the security of online transactions by continuously assessing and examining user behavior and transaction data in real-time. 3D secure solutions combined with Machine Learning (ML) and Artificial Intelligence (AI) systems adapt to evolving fraud tactics, promptly identifying irregularities and potential security risks. The rapid adoption of biometric authentication technology in 3D secure payment authentication solutions is driving the growth of the market.

The simplified solution allows merchants to control the user experience, offers the highest coverage across banks and card networks, and unlocks frictionless, biometric capabilities. For instance, in February 2023, PayU launched 3D Secure 2.0 SDK, offering a full native checkout and superior customer experience for all card transactions. PayU merchants can provide optimized customer experience while complying with major card network upgrades - including Visa and Mastercard while gaining better security and fraud protection.

The latest generation of technology is designed to create a more seamless, shopper-friendly payment flow, especially on mobile devices. For instance, in March 2020, FIS Inc. launched its new 3D Secure (3DS) authentication service, 3DS Flex. The new solution from FIS’ helps global eCommerce retailers and merchants fight fraud, accelerate online and mobile checkouts by reducing cart abandonment, and maximize payment authorizations.

With increasing numbers of online payments, consumers demand fast and easy, yet secure services. In Europe, the Payment Services Directive 2 (PSD2) protects consumers from unauthorized online payments with their credit or debit card. For instance, in August 2020, Netcetera & Mastercard launched a 3DS Testing Platform for retailers and other businesses to ensure they are ready to comply with Payment Services Directive 2 (PSD2). The test program runs on the Netcetera 3DS Access Control Server (ACS) that is certified to the latest 3DS 2.2 standard. Merchants can test different transactions in the live system, directly in their online shop, with test cards from Mastercard.

To Request a Sample of our Report on 3D Secure Payment Authentication Market:  https://www.omrglobal.com/request-sample/3d-secure-payment-authentication-market

Market Coverage

•                 The market number available for – 2022-2030

•                 Base year- 2022

•                 Forecast period- 2023-2030

Segment Covered- 

·                  By Component

·                  By Application

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

Competitive Landscape- American Express Company, Mastercard Inc., Stripe, Inc., Visa Inc., and others.

3D Secure Payment Authentication Market Report Segment

By Component

•                 Access Control Server

•                 Merchant Plug-in

By Application

•                 Banks

•                 Merchants & Payment Gateway

A full Report of 3D Secure Payment Authentication Market is Available @  https://www.omrglobal.com/industry-reports/3d-secure-payment-authentication-market

3D Secure Payment Authentication Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

·        Bluefin Payment Systems 

·        Broadcom Inc.

·        EMVCo, LLC

·        Entersekt Proprietary Ltd. 

·        Fidelity National Information Services, Inc. (FIS) 

·        GPayments Pty Ltd.

·        Marqeta, Inc.

·        Modirum MDpay

·        PAAY, LLC

·        PayPal Holdings, Inc

·        PayU 

·        Stripe, Inc.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/3d-secure-payment-authentication-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

 

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