Tag: SCA

Customers abandon purchases because of strong customer authentication processes

Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.

UK’s FCA pushes back SCA implementation even further

With the coronavirus putting a lot of pressure on businesses, the UK Financial Conduct Authority has yet again extended the deadline for Strong Customer Authentication (SCA).

FIS launches solution to help merchants meet SCA compliance

Financial services technology developer FIS has launched its 3DS Flex solution which will help companies overcome the challenges being brought by strong customer authentication (SCA).

The reason Yolt is abandoning HSBC credit card support

Personal finance app Yolt has decided to remove support for HSBC credit cards and savings accounts, following PSD2 developments.

What are the next steps for SCA following postponements to compliance...

Postponements to strong customer authentication (SCA) was the right decision, but regulators must make it clear there will not be a second opportunity for meeting compliance, according to Michael Sass vice president, market product management, security solutions, Europe at Mastercard.

Salt Edge releases SCA tools as firms struggle with the regulation

Salt Edge has released a new open source tool to support strong customer authentication (SCA) and dynamic linking processes.

Nearly half of UK consumers likely to abandon multi-step authentication processes...

Nearly half of UK consumers are likely to abandon future purchases if they are faced with a multi-step authentication process, a study from Forter claims.

Fabrick launches two turnkey PSD2 solutions

Italian RegTech company Fabrick has launched two ready-to-use solutions enabling companies to remain compliant with the updated Payments Services Directive (PSD2).

How to prevent a decline in payments post SCA

With less than a month until the final deadline of Strong Customer Authentication (SCA), fears around preparedness are still prevalent and firms are trying to ensure there will not be a fall in payments come September 14.

BaFin delays SCA requirements for online credit card payments

Germany’s Federal Financial Supervisory Authority (BaFin) has made a temporary measure which allow online payments that do not meet strong customer authentication requirements.

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