Security News > 2021 > September > 3-D Secure transactions growth fueled by card-not-present explosion and PSD2

A massive $100 billion in transactions in 2021 alone have been protected by 3-D Secure payments authentication technology, Outseer reveals.

The report also reveals continued explosive growth of worldwide 3-D Secure transactions due to skyrocketing adoption of online shopping and new PSD2 mandates.

According to the report, 3-D Secure transactions, a global standard to authenticate digital payment transactions, have grown by an impressive 79% over the past 18 months, with Q2 year-over-year growth of 44%. For the latest standard using EMV 3-D Secure 2.x technology specifically, the report shows a continued, steady increase across all geographies.

Europe recorded the most significant jump, where 2.x transactions comprised a 46% share of all 3-D Secure transactions examined in Q2, 2021, growing nearly seven times from the 7% share reported in Q3 2020.

As the 3-D Secure standard directly supports PSD2 and Strong Customer Authentication regulations, adoption of the 2.x version to authenticate payment transactions will increase beyond March of 2022 when PSD2 regulations go into effect across all of Europe.

"The latest 3-D Secure standard delivers the shopping experiences consumer demand, with the positive economics and growth that card issuers and merchants require. We expect the global payments ecosystem to deepen its use of 3-D Secure to authenticate digital transactions."

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