The SpareBank 1, a Norwegian alliance of 16 independent savings banks, has expanded its collaboration with Nets on 3D Secure to include Risk-Based Authentication (RBA) that allows SpareBank 1’s customers to carry out secure online transactions.

The authentication technology, which SpareBank 1 will provide to its cardholders, is based on a number of predefined parameters and criteria that enables users to execute an online transaction without going through additional authentication.

Nets’ 3D Secure protects the cardholder from online fraud while ensuring settlement of the transaction for the store.

Used in combination with BankID and BankID mobile, RBA helps to boost online sales by making things much more straightforward for consumers without compromising on security.

SpareBank 1 general manager of cards Øystein Lysvik said: “This solution will improve the customer experience of online shopping. Cardholders have sometimes found 3D Secure a bit cumbersome to use, especially for minor purchases and repeat purchases from the same store.

“With that in mind, we think this will also boost turnover for online shops, with fewer customers abandoning their cart without completing the purchase.”

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Nets senior vice president of financial and network services Jørgen Stratveit said: “RBA resolves a challenge faced by cardholders using 3D Secure and online shopping.

“The growth of mobile solutions introduces additional demands for simplicity and user-friendliness. Nets is constantly working to improve customer experience of its solutions without compromising on security.”