Travel company Amadeus is leveraging CyberSource’s 3-D Secure (3DS) 2 authentication technology to help meet Strong Customer Authentication (SCA) compliance.
The company has implemented CyberSource’s technology to provide its customers advanced fraud and payment management capabilities.
By leveraging the 3DS 2 software, it will enable banks and merchants involved in payments to exchange more data, helping to improve risk assessments. This will help to reduce the instances where travellers are required to complete two-factor authentication.
The deadline for PSD2 SCA is September 14 and will require merchants in the EU to implement two-tier authentication systems for their online transactions. This means consumers will need to input a combination of verification types. There are three possible options for merchants to utilise: knowledge-based verification such as a password or a PIN, an item in possession like a credit or debit card, and finally biometrics which is most commonly a fingerprint.
Justin Fraser, head of CyberSource Europe, said, “The travel industry, like so many, is facing a new era shaped by new technology and regulation. This is coupled with the changing demands of consumers, who are expecting to interact and transact with ease. It’s critical to offer a seamless payment experience, while meeting new regulatory requirements and delivering effective authentication and fraud management.
“Travel merchants that have the right technology in place will be in a stronger position to optimize exemptions under SCA, manage fraud, and ultimately deliver on traveller expectations for simple and secure travel payments.”
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