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What exactly is 3D Secure?

3D Secure is a technology used to secure online payments made with payment cards. It is used on websites displaying the following logo:

In accordance with the 2nd Payment Services Directive (PSD2), all online payments are subject to strong authentication of the payer (cardholder). The aim is to protect cardholders against fraudulent use of their payment cards on the Internet by introducing additional security for online purchases.