Here’s How Wibmo’s ACCOSA-IVS System And EMV® 3-D Secure Protocol Are Revolutionizing Online Payment!

1. Here’s How Wibmo’s ACCOSA-IVS System And EMV® 3-D Secure Protocol Are Revolutionizing Online Payment! Wibmo Inc, a leading technology and service provider company for the financial services industry, brings the upgraded EMV® 3-D Secure Protocol, to bridge the gap of seamless authentication of users to validating transactions. Wibmo’s ACCOSA-IVS is certified for the EMV® 3-DS 2.0 Secure Protocol. While ACCOSA-IVS Is an identity authentication system, the EMV 3-DS 2.0 Secure Protocol. is a financial tool that helps digital platforms maintain the highest level of security. The combined functionality of the two helps banks, ecommerce sites and other financial companies stay ahead of the ever-evolving modern digital fraud. To explore EMV 3-D Secure Protocol and ACCOSA-IVS and its revolutionary effect on online payment, we first need to understand consumer behaviour. The advent of smartphones and apps helped online commerce as many people readily accepted the speed and comfort offered by digital platforms. But it was during the lockdown, that online shopping spiked – US ecommerce grew by 44 percent y-o-y in 2020. This was great news for e-commerce stores and traditional brick-and-mortar stores were pushed to think digital. But the massive surge also gave an impetus to the enemy – digital fraud – to grow.

2. Recognising the need to enhance customer identity verification, EMVCo designed the EMV 3-DS 2.0 Secure Protocol, an updated version. The updated version will help financial platforms overcome the challenges experienced in the 1.0 version. Let us understand how the EMV 3-DS 2.0 Secure Protocol helps with online payments: •The risk-based user authentication by EMV 3-DS 2.0 Secure Protocol helps to perform specific risk analysis of every user. This is enabled by availability of rich data. •Enhanced digital checkout and EMV payment processing. •Rich data for frictionless authentication. •Seamless movement of consumers to in-app mobile purchases. •Supports biometric, out-of-band authentication, SMS and push OTP. Wibmo’s ACCOSA-IVS system for EMV 3-DS 2.0 Secure Protocol will benefit issuing banks, merchants and consumer in the following ways. •Enhanced transaction experience to the end consumer because of minimal user friction. •Thorough risk assessment for every transaction through comprehensive fraud detection and prevention. •Reduces card abandonment and increases revenue. •Enables own authentication decision parameters. •Cardholder profile-based decision making in real time. •Personalized services to enhance consumer card preferences. As a long-term partner of the financial industry, Wibmo helps companies and institutions roll out innovative financial solutions to their customers with its ACCOSA-IVS system. The introduction of EMV 3-DS 2.0 Secure Protocol is revolutionising online payment by enhancing experiences and security and safety. About Wibmo Inc. Established in 1999, Wibmo is a leading company offering a full suite of financial products and services. Some of its primary services include Trident FRM, Tridentity Check, ACCOSA IVS, and risk-based authentication. Based in Cupertino, California, the company has forged a concrete strategic alliance with 130+ banks across 25 geographical locations worldwide. With an enthusiastic and goal-oriented team, Wibmo has successfully provided highly digitised and technically advanced payment platforms for customers across the globe. Today, the company has successfully carried out over 2.2 billion transactions worldwide and is a veteran in the field of finance technology and online payment. Learn more about the company at www.wibmo.co. Media Contact

3. Wibmo Inc. sales@wibmo.com 080 4342 8111 1st Floor Shankara Narayana Building, No. 1,Craig Park Layout, 25, Ashok Nagar Source: https://www.issuewire.com/heres-how-wibmos-accosa-ivs-system-and-emv-3- d-secure-protocol-are-revolutionizing-online-payment-1695813978180478