Mastercard Disclosures for W3C Payment

Mastercard Disclosures for W3C Payment

EMV 3DS Seizing the opportunity to enhance security and deliver a great consumer experience 2/26/20 Authentication is a key enabler of digital payments Digital payments have lower approvals and higher fraud rates Physical Approval rate Fraud 96% 1x New authentication technology reduces the friction Authentication can help close the gap Increase approvals +10 Example: Risk-Based Authentication Increase in approvals % when transactions are fully authenticated Approval rate Fraud 3x 83%

2017 Mastercard. Proprietary and Confidential. Reduce fraud Digital Lower digital fraud <8BPS when dynamic authentication is used Fraud and approval rate data is global and based on Mastercard transaction data RBA example based on RSA case study with large UK issuer 4 1 2 The ecosystem needs more data Authorization Network infrastructure Millions of merchants / thousands of banks Five to ten players on very transaction Virtual private network Very fast 130 milliseconds Manages and verifies data Layers of fraud and security tools Feeds into Clearing and Settlement network Network rules work to encourage information sharing and reduce fraud Network message ISO8583 0100 / 0200 messages are where the yes / no decision is made Card present -physical location / physical card

Upgraded to manage tokens / EMV chip cryptograms Upgraded to work in sync with 3DS CRYPTOGRAM DEVICE CONSUMER LOCATION ENVIRONMENTAL NOVEMBER 6, 2017 2017 Mastercard. Proprietary and Confidential. eCommerce with 3DS 3 Security standards in the payment industry are evolving Physical Digital 10x more data = better authorization decisions Enhanced support for frictionless authentication (RiskBased) EMV Tokenization 3-D Secure 2.0 Securing the payment credentials Authenticating the cardholder All managed by EMVCo and open for industry participation Seamless consumer

experience integrated into checkout flow 2017 Mastercard. Proprietary and Confidential. SECURITY STANDARD Support for mobile inapp & connected devices 4 Regulators continue to introduce new authentication requirements to protect the consumer Examples India Austria Belarus Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hong Kong Hungary Iceland Ireland India Israel Italy Japan Latvia Lithuania Malta Mexico

Netherlands Nigeria Norway Philippines Poland Portugal Romania Singapore South Africa Spain Sweden Taiwan Thailand United Kingdom For illustrative purposes; highlights examples of current and pending regulation MARCH 4, 2017 Europe & PSD2 Two-factor authentication required on all online transactions Strong consumer authentication required on digital transactions In late 2016 RBI relaxed twofactor authentication requirement allowing RiskBased Authentication on transactions under 2,000 Rupees

Risk-Based Assessment expected to be a core requirement of the regulation on day 1 Risk-Based Authentication permitted on transactions based on fraud level and amount Consumers permitted white list merchants that they know and trust RBI evaluating use of risk-based authentication on payment network to enhance consumer experience 2017 Mastercard. Proprietary and Confidential. Impacted Markets 5 Overview of EMV 3-D Secure (3DS) 3-D (Three Domain) Secure is a messaging protocol which enables consumers to directly authenticate with the card issuer when shopping online and protecting The additional security layer reduces fraudulent use of online credit

and debit transactions by preventing unauthorised use of cards online merchants from exposure to fraudrelated chargebacks and increasing approval Merchant / Acquirer Domain Merchant Integrator (MI) Interoperability Domain (Payment Networks) Directory Server Issuer domain Access Control Server (ACS) 2017 Mastercard. Proprietary and Confidential. Three domains consist of: EMV 3DS is a multi-purpose protocol EMV 3DS is designed to support many authentication use cases Payment Authentication Non-Payment Authentication (Identification and Verification) Requestor Initiated Account Verification Other future use cases

Allows optional account data sharing to occur across all channels from merchants to card issuers, better facilitating frictionless flows Merchant account confidence (or lack thereof) MARCH 4, 2017 Recent activity relevant to the merchant account 2017 Mastercard. Proprietary and Confidential. EMV 3DS messaging and data structure accommodates for authentication when transacting from any connected device Smartphones Browsers Any other connected device (via future device data specifications) 7 PAYMENT METHODS PAYMENT APPS 3DS CHANNELS 3DS USE CASES Payment Authentication Non-Payment / ID&V Basic Card (existing) Card on Browser Browser Custom (existing) Native Apps Web Based Apps

Browser and App Payment Authentication Non-Payment / ID&V Network Tokens (under development) Native Apps Web Based Apps Browsers and App Payment Authentication Non-Payment / ID&V 2017 Mastercard. Proprietary and Confidential. Primary Use Cases for W3C APIs and EMV 3DS 8 Opportunities for W3C Integration of EMV 3DS functionality into W3C APIs to maximize benefits to the payments ecosystem Streamline ecosystem usage of EMV 3-D Secure within W3C payment APIs 2017 Mastercard. Proprietary and Confidential. Drive scale to the market through a holistic approach leveraging EMV 3DS and network tokenization with W3C APIs 9

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