Post by rakibul on Dec 2, 2023 10:57:22 GMT 1
It's official. In September the European Union will introduce new requirements for the authentication of online payments. The measures will have significant implications for consumers and those who own an e-commerce website . Content index What are SCA and 2FA? Some cases exempt from 2FA 2FA: Potential problems How much do merchants know about Strong Customer Authentication? What are SCA and 2FA? The Payment Services Directive.
(PSD 2) was approved way back in November 2015. Starting from WhatsApp Number List September 14th, all companies within the EU will have to comply with its rules and content. An important aspect of this directive, which has attracted the attention of many, involves Strong Customer Authentication (SCA). The goal of SCA is to minimize the risk of fraudulent transactions and, in general, make online payments safer . This measure will change the way online payments are.
made for over 300 million European consumers. The rules that are part of the SCA, in fact, will mean that European consumers will have to use two-factor authentication ( 2FA ). When the deadline expires, businesses will need to be ready to meet these new requirements and obligations. Essentially, a second factor , such as a password or fingerprint , will be needed before the transaction is completedsignificant implications for consumers and those who own an e-commerce website . Content index What are SCA and 2FA? Some cases exempt from 2FA 2FA: Potential problems How much do merchants know about Strong Customer Authentication? What are SCA and 2FA? The Payment Services Directive.
(PSD 2) was approved way back in November 2015. Starting from WhatsApp Number List September 14th, all companies within the EU will have to comply with its rules and content. An important aspect of this directive, which has attracted the attention of many, involves Strong Customer Authentication (SCA). The goal of SCA is to minimize the risk of fraudulent transactions and, in general, make online payments safer . This measure will change the way online payments are.
made for over 300 million European consumers. The rules that are part of the SCA, in fact, will mean that European consumers will have to use two-factor authentication ( 2FA ). When the deadline expires, businesses will need to be ready to meet these new requirements and obligations. Essentially, a second factor , such as a password or fingerprint , will be needed before the transaction is completedsignificant implications for consumers and those who own an e-commerce website . Content index What are SCA and 2FA? Some cases exempt from 2FA 2FA: Potential problems How much do merchants know about Strong Customer Authentication? What are SCA and 2FA? The Payment Services Directive.