CardinalCommerce is a Visa Solution. But we don’t stop there. We are also card agnostic. We strive to offer the most updated versions of EMV®3-D Secure for all the major card networks. 3-D Secure is a set of protocols that enables card issuing banks to validate that cardholders are who they say they are and reduce fraud in card-not-present transactions.
Network certification is required each time we certify to EMVCo to support a new protocol version of 3-D Secure. But how does certification work you ask?
It’s been a challenging year – there have been a lot of feelings of uncertainty - especially in the digital payments industry regarding PSD2 SCA. But we know that it’s important to you and your business. And that’s why it’s important that you have all the facts.
False declines. For the ecommerce merchant, they can be a never-ending source of frustration. False declines represent good transactions (meaning would-have-been sales) that are declined due to suspicion of fraud. Simply put, they are valid transactions that are incorrectly rejected. Missing a good sale because of a false decline eats into profits. But here’s the bigger problem.
As of April 30, 2020, the UK Financial Conduct Authority (FCA) released a statement indicating they are delaying enforcement of PSD2 SCA requirements from March 14, 2021 by six months to September 14, 2021 due to the exceptional circumstances of the COVID-19 crisis. The ultimate goal is to minimize potential disruption to both consumers and merchants.