Revolut launched earlier this week a new 3-D Secure payment feature to protect its users from online fraud

Challenger bank Revolut is pausing a new way to protect customers from fraud. its new 3-D Secure payment feature applies only to e-commerce payments, that is those made online, and not to a physical card swipe in a shop.

Revolut is reinventing how a user will pay for online purchases through his credit card. It has done away with painful verification such as hard-to-remember passwords or mothers’ maiden names.

Instead, a person using a Revolut card on a website that uses 3-D Secure will automatically get a push notification from the bank. The notification will ask the user to open the bank’s app and “confirm.”

The procedure helps the bank verify that the owner of the card is using the card to make the payment.

According to the bank, it must offer 3-D Secure to all its customers with effect from 14th September 2019. For the same reason, customers can’t switch the facility off.

About Challenger Bank Revolut

Revolut is an upstart digital bank that was valued at $ 1.7 billion in its latest funding round when it raised $ 336 million in venture capital financing.

It has a subscriber base of over 5 million customers according to its website. The firm has added at least half of these customers between June 2018 and August of 2019.