Strong Customer Authentication (SCA) is imperative to improving payment security — if EU regulators and financial institutions (FIs) could only agree on how to implement it. This lack of clarity can leave consumers with a confusing checkout experience across merchants and FIs, says Barclaycard Director...
As Strong Customer Authentication (SCA) becomes fully implemented, the merchants, banks and third-party payment services within the European Union (EU) are still working out the particulars. The impact of the regulation on the way payments and authentication can be conducted is being felt throughout the...
SCA may have arrived on the payments scene, but questions remain regarding its exact authentication requirements. The overarching rule is simple enough: Consumers who make purchases online or use contactless payments in stores must be authenticated with 2FA. Merchants and payment providers are already coming...
EU merchants, PSPs, and FIs watched as the strong customer authentication (SCA) deadline passed — then went right back to asking questions that regulators haven’t answered. The problem lies with regulators like the EBA, which lack an EU-wide SCA rollout plan, says Nicolas Adolph, chairman...
October 08, 2019
As of Sept. 14, the legal deadline for the strong customer authentication (SCA) requirement of the Second Payment Services Directive (PSD2) came and went. However, as is often the case when big ecosystems attempt wide and systemic changes, things have not gone quite according to plan. Only 75 percent of issuers said they were prepared to […]
October 07, 2019
Strong Customer Authentication (SCA) is just weeks-old and already mired in controversy. Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it...
June 24, 2019
With the Strong Customer Authentication (SCA) compliance deadline less than four months away, banks are still underprepared. While banks continue to open their application programming interfaces (APIs) to third-party providers...
April 18, 2019
Since many European Union (EU) countries have now brought PSD2 and GDPR fully into their financial infrastructures, banks and merchants must prepare for the upcoming Strong Customer Authentication (SCA) rule...
