August 16, 2022
BookingPal, the global leader in software technology solutions for vacation rental property managers and owners, now offers an open channel API to support 3D Secure (3DS) authentication protocol for property managers renting properties in Europe.
Property managers can use BookingPal as a central channel manager for its vacation rental business in Europe and process credit cards legally and securely through Stripe’s 3DS system without having to become their own merchant of record or using multiple payment gateways.
3DS is a security protocol used to authenticate users; it provides an extra layer of protection for payment card transactions in card-not-present scenarios. 3DS was designed to allow a cardholder to authenticate their identity to prevent payment fraud, block unauthorized transactions, and reduce chargebacks. 3DS is similar to 2-factor authentication where a confirmation text is sent to the user who then must type the text code to prove their identity before the credit card is actually charged.
In recent years, the European Union’s revised Payment Services Directive (PSD2) has imposed strict verification requirements via a process called “Strong Customer Authentication (SCA),” which 3DS addresses.
“From our side, this would help us to ensure PSD2 compliance which is mandatory for us to pass credit card details to clients with acquiring banks in the EEA,” says Sabrina Kite, HomeToGo technical account manager. “Without this, we would not be able to pass credit card details to EU clients.”
“Credit card fraud is a major problem in Europe. It’s crucial that companies add additional layers of protection for their customers,” says Alex Aydin, founder, and CEO of BookingPal. “I’m proud of our team for adding these safeguards in our booking process API that allows our channel to communicate with the Stripe payment service provider to process the two-step authorization.”
With the availability of the 3D Secure API solution, BookingPal’s European partner channels have the opportunity to add BookingPal inventory protected under 3DS and remain compliant with EU law.
For access to BookingPal’s resources for channel management and distribution, visit www.bookingpal.com or contact Paula Bushey, Senior Director of National Sales, email@example.com.
BookingPal is the leading provider of distribution technology and Channel Management solutions for the vacation rental industry. BookingPal helps property management companies increase revenue, occupancy and efficiency through a fully managed distribution platform. The platform provides smooth, continuous, and real time connectivity between the world’s leading property management software systems and consumer travel websites such as Homes & Villas – By Marriott International, Airbnb, Booking.com, Expedia, Google, VRBO, and TripAdvisor.