We already know that PSD2 SCA mandates the use of Strong Customer Authentication (SCA) on all remote transactions that meet the specified criteria. There are also certain exemptions to this rule, which we’ve discussed at length.
Hello again digital payments community! I’m thrilled to be speaking with everyone again, as there are several different stories, events and important developments in the world of digital commerce that we should discuss.
We believe that data is perhaps the most crucial piece of the authentication puzzle. Without it, fewer transactions get authenticated, and subsequently authorized, fewer consumers are happy at the end of the day, merchants are often left feeling frustrated and issuers are stuck making decisions without all of the possible information at their disposal.
The deadline for PSD2 SCA is approaching – in less than four months, which means big changes are coming in the digital commerce world. Much like EMV® 3-D Secure, PSD2 SCA utilizes data to make a difference, and to make life easier for merchants, issuers and consumers.