Apayments. The EU has recently released DSv an updated version of D Secure which improves among other things userfriendliness. VISA and Mastercard offer D secure under the names Verified by VISA and Mastercard Identity Check. How D Secure Works D Secure payments require you to take an extra step in authenticating yourself. This is done with either a mobileTAN or inapp push notification. for certain you who has executed the payment therefore allowing it to proceed more safely. These extra steps of authentication also called twofactor authentication requires two of the following from you Knowledge a password or code Possession ownership of your device e.g. smartphone Inherence a biometric feature such as your fingerprint.
Making DS payments with Qonto you will photo retouching be given the choice between verification methods. You can choose between An SMS to the phone number you have registered with Qonto A notification on your paired device These methods will further protect you and merchants from potential fraud when making payments with Qonto. Key learnings DSecure or DS refers to a three domain payment method which requires extra verification steps from users when making payments.
Similar to airport border control payments are intercepted and you are pressed to provide further information. DS is a requirement from the EUs PSD directive. Knowledge possession and inherence are the three aspects of twofactor authentication. With Qonto you will have the choice between an SMS to your registered phone number or notification on your paired device. Spend time on your vision. Not paperwork. Open a Qonto business account in minutes Learn more ABOUT THE AUTHOR Tom Bensley Tom has worked in Melbourne as a film critic and freelance writer. In Berlin he was a content creator for German fintech Penta and is now at Qonto.