Hello digital payments community! Since there are so many big, exciting things going on right now in our industry, it seemed like a good time to share some of the big things that we’re doing right now.
If you don’t already know, the deadline for complying with the PSD2 SCA mandate in Europe is coming up soon – this September. And if you’re not familiar with PSD2 SCA, we have a few different resources that can serve as your guide to this mandate. Our resources can get you up to speed, and help you figure out if you will be impacted by PSD2 SCA.
This deadline is universal, but it means different things to different organizations. Our larger merchants and smaller-to-mid-size merchants are dealing with it differently and approaching exemptions differently. The exemptions within PSD2 SCA refer to certain types of transactions that are exempt from this mandate (we’ll talk more in-depth about these later).
There are so many moving parts with this mandate and the upcoming deadline that we can’t possibly cover them all here. But stick around because we will be digging into some of these things in the coming weeks, including exemptions, the issuer’s viewpoint, our role in this process and much more! This is just the first in a series of blogs covering some of the specific exemptions in this mandate and some of the relevant topics surrounding them.
If you want to begin actively preparing now, reach out and we’ll help you get ready for PSD2 SCA.
Even with this upcoming deadline, we haven’t forgotten about EMV® 3-D Secure (or 3-D Secure 2.0). In fact, this mandate and EMV 3DS are intertwined in many ways. In the coming weeks, we will also talk about our EMV 3DS authentication solutions, including the methods that our issuers and merchants can take to integrate them into their business.
Both EMV 3DS and PSD2 SCA are changing the landscape of digital commerce for the better. I’m excited to share some of my thoughts along this transformational journey with all of you! I hope you’re ready to learn a thing or two.
EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.