Proof of identity: You may provide a government-issued ID, such as a passport, driver's license, or national ID card. This helps to confirm your identity and ensure that the account belongs to you.
Proof of address: To verify your address, you may need to provide a utility bill, bank statement, or another official document that shows your name and address. The document should be recent (usually within the last 3 months) and clearly display your name and address.
Selfie with ID: Sometime we may require you to take a selfie while holding your ID. This helps to confirm that you are the person in the ID and that the document is genuine.
3D Secure (3DS) is an additional security layer for online credit and debit card transactions. It was developed by Visa and is branded as "Verified by Visa." Mastercard has a similar system called "Mastercard SecureCode." The primary goal of 3D Secure is to protect cardholders from unauthorized transactions and reduce the risk of fraud in online payments.
When a customer makes an online purchase using a 3D Secure-enabled card, they may be prompted to provide additional authentication information. This typically involves entering a one-time password (OTP) sent to their registered mobile number or email address, or answering security questions. By providing this extra layer of security, 3D Secure helps ensure that the person making the transaction is the legitimate cardholder.
For merchants, implementing 3D Secure can help reduce the risk of chargebacks and fraudulent transactions, as the liability for any unauthorized transactions shifts from the merchant to the card issuer. This can lead to increased customer trust and confidence in the online investment experience.
In summary, 3D Secure is a valuable tool for enhancing the security of online payments for both cardholders and merchants. It helps protect sensitive card information, reduces the risk of fraud, and promotes a safer investment environment.