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.
Google Chrome Samesite and Safari, iPad and iOS Cookie Changes – How It Impacts You and What You Can Do
Google’s Chromium project and Apple’s WebKit team have both announced (and in some cases, deployed) updates to how cookies are treated by default. These updates will impact the most recent versions of Google Chrome, other Chromium-based browsers such as the latest Microsoft Edge for Windows and macOS, and Safari 13.1 for iOS, macOS, and iPadOS.
There are many regional government and network mandates that will take effect in 2020 and early 2021, but for countries in Central Europe, the Middle East and Africa (CEMEA), Visa activated EMV 3DS on April 18, 2020. Click through to find out more about EMV 3DS and AP CEMEA activation.
Category: Payments Blog
Date: April 2020