It’s a busy time at PayLane – we’ve just been audited. No, not by the IRS. Our taxes are just fine. Then what does it mean? Last week we were visited by a QSA (Qualified Security Assessor) from an external audit company who, in short, decides whether a financial company is trustworthy or not. He spent a week with us, going through hundreds of document pages, checking our network’s and servers’ safety and interviewing the staff.
We all know that high security is a must for every business. One of the ways to ensure the safety of your clients’ money is implementing 3-D Secure. But what does it mean from the technical side?
Thanks to PayLane’s implementation of the 3-D Secure technology, it is not merchants, but banks that are responsible for chargebacks in case of fraud transactions, on condition that:
To make it easier for merchants to use 3-D Secure, without requiring them to have in-depth knowledge of the whole authentication process, we have brought it down to 2 functions called through API.