Description
As digital transactions continue to grow, so does the need for robust security measures that protect both consumers and businesses.
The OSMP developed a detailed action plan to tackle the rising challenges in e-commerce security, including:
📌 Implementing Velocity Limits: Capping non-secure transactions to minimize fraud risks.
📌 Promoting 3-D Secure Protocol: Encouraging the adoption of secure payment channels.
📌 Ongoing Market Monitoring: Ensuring readiness for each phase of the plan and adjusting strategies as needed.
This initiative is not just about reducing fraud; it's about building trust in the digital economy.
The OSMP also ensured that certain low-risk sectors remain exempt from these caps, balancing security with operational efficiency.
Check out the detailed presentation to understand how this plan is driving transformation in online payments security.
ITOPYX