Strong Customer Authentication: How will it affect merchants?
Even on the day the Strong Customer Authentication (SCA) regulation came into force across Europe, the requirements for merchants remained unclear. The impact will be significantly differing payment experience across Europe, with increased friction in the payment process resulting in reduced conversion rates, says Paul
Get ready for cross-border chaos thanks to PSD2
The Financial Conduct Authority’s (FCA) decision to allow a phased 18-month implementation of Strong Customer Authentication (SCA) for the UK may bring a sense of relief for those not yet prepared for the original 14 September 2019 enforcement date. But in terms of fraud, it
How Zalando addressed the introduction of PSD2
On the 14 of September, Strong Customer Authentication comes into force as part of the EU Payment Services Directive (PSD2). For customers, this means that payment will be even more secure. If they want to pay online, they will have to authenticate their payment using
Understanding PSD2 directive: What do merchants need to know to comply?
This September the European Payment Services Directive (PSD2) will come into effect, requiring merchants to refine their checkout processes and invest in technology to comply with the directive. While some sellers consider PSD2 as a painful system change, it presents an opportunity to ensure their checkout
Understanding Amazon PSD2 compliance: What does it mean for merchant finance?
"Amazon are currently working on implementing the PSD2 in way that would lead to successful adoption," says Igal Rotem, chief executive officer of Credorax. What is PSD2? The Payment Services Directive 2 (PSD2) is a European Union (EU) directive aimed at regulating payment services and payment service