Tag: Strong Customer Authentication

The new strong customer authentication (SCA) rules snapped into force this weekend. However, Barclaycards has so far not seen any an increase of abandoned transactions or declined payments.

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.

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.

Central Bank of Ireland has reportedly confirmed it will delay the roll out of Strong Customer Authentication (SCA) rules.

New EU rules boosting customer security are set to be enforced by mid-September. However, the UK may take another 18 months to implement the changes.

Most banks in Denmark will be ready for PSD2 by its implementation date, although the quality of the APIs will be debated – and there are concerns around the readiness for Strong Customer Authentication (SCA), according to Tobias Thygesen director of FinTech, payment services and governance division at Finanstilsynet.

The UK’s Financial Conduct Authority (FCA) will give some firms additional time to meet Strong Customer Authentication compliance.

TypingDNA has partnered with cybersecurity startup XTN Security to help banks better defend themselves from fraud threats.

The European Banking Authority (EBA) has published an opinion on PSD2’s strong customer authentication (SCA), due to continued queries from market actors.

Europe is set to lose €57bn in economic activity in the first 12 months after Strong Customer Authentication SCA takes effect, a study from Stripe claims.