Tag: SCA

Businesses not compliant with Strong Customer Authentication (SCA) miss out on £2m in sales each day, a report from Barclaycard Payments claims.

Nearly all UK merchants have experienced an increase in payment declines following the introduction of Strong Customer Authentication (SCA), according to research from Nuapay.

Data from Barclaycard Payments has found retailers in the UK have lost out on £130m in sales due to not being compliant with new Strong Customer Authentication (SCA) rules.

Retailers could lose £3.64m in sales each day as the Strong Customer Authentication (SCA) regulation deadline approaches, according to Barclaycard Payments.

Strong Customer Authentication (SCA) has come into force in the UK today, almost a year after its original deadline passed.

The European Banking Authority commenced its public consultation on the amendment to the Regulatory Technical Standards on strong customer authentication and secure communication (SCA&CSC).

UK banks welcome the six-month extension to implement strong customer authentication (SCA) for e-commerce transactions, with 42% planning to use the time to improve and enhance their roll out plans.

The Financial Conduct Authority (FCA) has published an updated version of the FCA Handbook to give companies ample time to prepare before the Brexit transition period is over.

Second-Factor Authentication (2FA) has been implemented across Europe under the PSD2 regulation and is helping protect consumers with online fraud. In a new case study, Electronic IDentification has explored the technology.

Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.