Sacombank upgrades the latest online payment security technology


Sacombank is one of the first banks to cooperate with international card issuers - Visa and MasterCard to upgrade the 3D-Secure multi-level security system version 1.0 to version 2.0 according to EMV standard for these card types at the Bank. The system upgrade aims to increase the safety of online card transactions, speed up the transaction process, and help customers to easily experience more modern banking services.

3D-Secure is an enhanced security authentication layer for cardholders when making online payment transactions. 3D-Secure version 2.0 applies a Risk-based Authentication (RBA) system to decide which transactions need to be authenticated and not authentic to increase transaction processing rate and to ensure information security. The highlight of 3D-Secure 2.0 is faster transaction processing time and higher security, allowing customers to use more new authentication methods such as biometrics (fingerprint, face ID) through application of Sacombank mSign instead of SMS OTP and token authentication device as before. In addition, this latest version also helps minimize forms of impersonation such as emulating a similar website to steal card information; At the same time, supporting customers to transact on many different devices / platforms such as mobile phones, websites, online shopping applications. Currently, 3D-Secure 2.0 is registered by default, free of charge and is available to all Sacombank Visa and Sacombank MasterCard international cardholders.

Always the pioneer bank in applying card technology, especially security technology, Sacombank recently received the PCI-DSS (Payment Card Industry Data Security Standard) version 3.2.1 (the latest version) in 2020. This is the 7th consecutive year that Sacombank successfully obtained this certificate. PCI DSS is a security standard established by the PCI Security Standards Council (PCI Security Standards Council) includes members: Visa, MasterCard, American Express, Discover Financial Services, JCB International.

Thanks to its continuous efforts in applying advanced technology as well as information security, Sacombank is always at the top of the industry in terms of card payment revenues; In terms of online payment transactions, Sacombank is currently the market leader with 34% market share.

Lasted news