December 13, 2018
Wibmo Inc., India’s largest provider of payment security and authentication solutions, has received EMVCo certification for its 3-D Secure (3DS) 2.0 technology and solutions. As an active member of EMVCo, Wibmo has been an early adopter of the 3DS 2.0 certification program and has worked closely with EMVCo for over a year to set the framework for certification. EMV® 3-D Secure is an EMVCo standard which lays the foundation for the next generation in authentication solutions.
Identity verification in the form of authentication is a critical part of every digital payment transaction. While 3DS 1.0 accelerated the growth of eCommerce and brought trust in digital payments, 3DS 2.0 takes authentication to the next level by making it consumer friendly and even more secure with intelligent risk analysis-based authentication.
“As a pioneer in this industry, we have worked closely with EMVCo to bring 3DS 2.0 to market. We are pleased to be amongst the first to be certified. This will enable us to provide next generation authentication solution to all participants in a payment transaction,” said company CEO Govind Setlur. “What sets our solution apart is the insight we bring from years of experience in this domain working closely with most leading banks in India and Asian markets,” he added.
Security beyond passwords
3DS 2.0 version of the protocol ensures cardholder security while providing frictionless checkout experience. Based on the transaction type, risk score and tolerance levels, banks can choose different authentication methods best suited for their consumer base. This in turn will reduce cart abandonments and end-to-end transaction time. Wibmo has been working with banks to provide a seamless check out experience to their cardholders, and 3DS 2.0 further strengthens its leadership in this space.
About Wibmo Inc.
Wibmo Inc. a Cupertino, California company is an industry leader in payment security and mobile payments in emerging markets. The company is the largest provider in India, one of the world’s leading digital payment markets. Learn more at www.wibmo.com. For further details please contact:[email protected] or [email protected].