This week we had the pleasure to listen and participate in several discussions at the Merchant Payments Ecosystem 2021 virtual event where we can strongly say PSD2, SCA and 3D Secure 2 (3DS2) have been, as expected, the most discussed hot topics in many panels from both merchants and payment service providers/ vendor sides. As […]
Strong Customer Authentication (SCA) and PSD2 have been some of the most discussed topics of 2020 in the payments industry, considering the impact on merchants and online consumers. Soft decline staged approaches have been introduced by many different national competent authorities to allow for a transition phase before the full PSD2 2021 enforcement. BaFin (the […]
Strong Customer Authentication (SCA) and PSD2 has been one of the most discussed topics of 2020 in the payments industry, considering the impact on merchants and online consumers. For many, this seems to be a never-ending story, with the original enforcement date of 14th Sep 2019 postponed to the end of 2020 due to the […]
There are several components playing a fundamental role in achieving successful results for businesses that want to sell online. Obviously having attractive and valuable products or services, a good marketing campaign, and efficient processes are key elements for any business. But at the end of the day, the main goal for any online business is […]
With only a few weeks to go before the PSD2 SCA enforcement, some online merchants are working hard to get ready with their 3D Secure implementation but others are already looking to the future at improving their customer check-out experience, considering solutions such as delegated authentication, obviously for very good reasons. In Ecommerce, merchants want […]
For most of the countries within the European Economic Area (EEA), the enforcement date for PSD2 and Strong Customer Authentication is right behind the corner. There has been a lot of talking during the past two years about PSD2 enforcement, 3D Secure 2 and its impact on the payment industry. As a solution, the new […]
EBA recently provided a clarification on the usage of tokenized card data as possession element for SCA. While physical card details are not considered as a valid element, EBA recently clarifies that tokenized card data may constitute a valid possession element for Strong Customer Authentication. Tokenization is the process of protecting sensitive data (Card Data) by replacing […]
There has been a lot of talks and discussions around PSD2 during the last years and a lot of attention has been paid to what are the best ways to minimize SCA friction, the number of challenges that will be presented to cardholders in order to complete payments and how to maximize Risk-Based Authentication (RBA). […]
After its introduction on 14th September 2019, the new PSD2 Strong Customer Authentication requirements (SCA) will be enforced on 1st of January 2021 across all European Economic Area markets. While merchants based in Europe are well aware of the PSD2 requirements and the changes needed for 3DS2, the same might not be for merchants based […]