Visa, a global leader in payments technology has tied-up with Federal Bank to launch “Visa Secure” to the bank’s cardholders. “Visa Secure” is a modernized technology that provides a quicker and frictionless checkout experience to the consumers. Adoption of new improved technology will enable the bank to focus on customer-centric digital solutions that make online shopping experiences seamless.
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Visa Secure is a global authentication program which is built on EMVCo 3DS (3D Secure) 2.0 protocol. It offers additional layers of authentication for issuers and merchants and hence makes e-commerce more secure while reducing customer friction at point of purchase. The technology also offers smoother and more consistent user experiences to the consumers across multiple payment channels such as mobile, web, in-app, and connected devices.
Important takeaways for all competitive exams:
- MD & CEO of Federal Bank Ltd: Shyam Srinivasan.