PSD2 is the European Banking Authority’s (EBA) 2nd Payment Service Directive, designed to drive payment innovation and data security. PSD2 has a requirement for Strong Customer Authentication (SCA). The goal for the PSD2 SCA requirement is to reduce fraud and ensure that issuers and merchants in the EEA are validating all electronic payments.
Government and regional mandates are happening throughout 2020 and into 2021. Some have already been activated, others are right around the corner. But one of the biggest ones will happen at the end of 2020 and it’s important to prepare early so your business is not impacted. We will talk later about specific dates, but let’s review the process of implementing EMV 3-D Secure and why it’s important to do it as soon as possible.
Download our Why Now? Implementing EMV® 3-D Secure for PSD2 SCA feature to learn how EMV 3DS plays a role in helping to solve for SCA.
EMV 3DS can help manage PSD2 SCA’s exemptions. See if they’ll work for you.
At Cardinal, our 2020 resolution is all about building our existing capabilities and expanding our reach in the latest protocols. See what we've got planned for 2020.
Learn how authentication affects Card-not-Present authorization rates and key statistics on fraud in the clothing and footwear industry.
Authentication is core to payment processing in Europe, so if your digital transactions are not authenticated, you will be expected to implement a solution before your business is impacted.
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