Tags SCA

Tag: SCA

FCA updates its handbook for a post-Brexit UK market

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.

Using facial recognition for second-factor authentication – Electronic IDentification

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.

Customers abandon purchases because of strong customer authentication processes

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.

UK’s FCA pushes back SCA implementation even further

With the coronavirus putting a lot of pressure on businesses, the UK Financial Conduct Authority has yet again extended the deadline for Strong Customer Authentication (SCA).

FIS launches solution to help merchants meet SCA compliance

Financial services technology developer FIS has launched its 3DS Flex solution which will help companies overcome the challenges being brought by strong customer authentication (SCA).

The reason Yolt is abandoning HSBC credit card support

Personal finance app Yolt has decided to remove support for HSBC credit cards and savings accounts, following PSD2 developments.

Salt Edge releases SCA tools as firms struggle with the regulation

Salt Edge has released a new open source tool to support strong customer authentication (SCA) and dynamic linking processes.

Barclaycard’s early data finds that SCA has not had any bad...

The new strong customer authentication (SCA) rules snapped into force this weekend. However, Barclaycards has so far not seen any an increase of abandoned transactions or declined payments.

Nearly half of UK consumers likely to abandon multi-step authentication processes...

Nearly half of UK consumers are likely to abandon future purchases if they are faced with a multi-step authentication process, a study from Forter claims.

What are the next steps for SCA following postponements to compliance...

Postponements to strong customer authentication (SCA) was the right decision, but regulators must make it clear there will not be a second opportunity for meeting compliance, according to Michael Sass vice president, market product management, security solutions, Europe at Mastercard.
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