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The EBA relents on PSD2 authentication, but is it enough?
The European Banking Authority says it will relax its proposed (preposterous) PSD2 rules on a requirement for strong customer authentication for all payments under €10, after receiving a huge number of complaints from industry participants who claimed that the mandate would lead to more declined transactions and abandoned purchases at the checkout. In a speech in London [...]
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Visa hits out at EBA plans for strong customer authentication set to ruin UK e-commerce market
The European Banking Authority (EBA) has brought forward proposals for how it will implement what is called strong customer authentication (SCA). Visa has warned that new European rules on e-commerce threaten to seriously disrupt online shopping and cause inconvenience for consumers. The plans include a “one size fits all” approach where every online transaction over [...]
The post Visa hits out at EBA plans for strong customer authentication set to ruin UK e-commerce market appeared first on Payments Cards & Mobile.
Strong Customer Authentication – The End of Frictionless Card Payments?
It seems that European payments regulation may be forcing the end of frictionless card payments, by making the cards market take a step backwards. We appear to be moving away from the frictionless online payment environment that so many of us use day to day, towards a much higher friction world where every transaction over €10 [...]
The post Strong Customer Authentication – The End of Frictionless Card Payments? appeared first on Payments Cards & Mobile.
