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FCA delays Strong Customer Authentication – EBA under pressure to follow
The UK’s Financial Conduct Authority (FCA) has delayed the implementation of Strong Customer Authentication (SCA). This is the second delay is has authorised. Last year, the FCA extended the deadline... more
The post FCA delays Strong Customer Authentication – EBA under pressure to follow appeared first on Payments Cards & Mobile.
Instant Payment Card: Initiating a SEPA Credit Transfer at the POS
Smart Payment Association (SPA), the global trade body of the smart payments industry, has published proposals for an Instant Payment Card that would extend SEPA instant Credit Transfer functionality to... more
The post Instant Payment Card: Initiating a SEPA Credit Transfer at the POS appeared first on Payments Cards & Mobile.
EPIF calls for delay to Strong Customer Authentication due to COVID-19
The European Payment Institutions Federation (EPIF) has called for a delay to the implementation of Strong Customer Authentication (SCA) of at least six months in a letter dated 24 April 2020,... more
The post EPIF calls for delay to Strong Customer Authentication due to COVID-19 appeared first on Payments Cards & Mobile.
Need to secure online commerce, lower user friction and grow sales? Here’s how.
Doug Gray, Chief Commercial Officer at iAxept, says the holy grail of online commerce – improving transaction security while reducing consumer friction – is achievable. By adopting online contactless payments,... more
The post Need to secure online commerce, lower user friction and grow sales? Here’s how. appeared first on Payments Cards & Mobile.
E-commerce payment fraud to exceed $25 billion annually
A new study has found that merchant losses to e-commerce payment fraud will exceed $25 billion in 2024, from just of $17 billion in 2020, despite the ongoing implementation of... more
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