Strong Customer Authentication

29 Nov 19 @ 09:00

E-commerce sales always explode at Christmas. This year, analysts predict the highest volumes ever for online shopping – and online fraud. Though the EU created SCA to combat online fraud,... read more

12 Nov 19 @ 12:03

Around the world, banks are opening up their customers’ financial data (with the customers’ consent) to third parties through application programming interfaces (APIs). The global trend of Open Banking allows... read more

04 Nov 19 @ 16:58

Last month, the European Banking Authority (EBA) announced an 18-month delay to the implementation of Strong Customer Authentication (SCA). However, the delay to PSD2 – which follows UK FCA’s own... read more

04 Nov 19 @ 09:01

Western Union has deployed full Open Banking application programming interface (API) access to its supporting front-end domestic and international payment applications through its Western Union Business Solutions unit. This new... read more

18 Oct 19 @ 13:44

After a period of deliberation during which many of the Financial Conduct Authorities or European country equivalents authorised their own delays, the European Banking Authority (EBA) has elected to move... read more

11 Oct 19 @ 09:51

In 2019, Europe’s Revised Payment Services Directive (PSD2) dominated the conversation around payment regulation. However, there are a number of countries with parallel regulations already in place or in plan.... read more

01 Oct 19 @ 15:03

Our first blog in this series looked at Strong Customer Authentication, and provided the Maxa answer to this challenge. In this blog, we chart the rapid growth of contactless payments... read more

24 Sep 19 @ 15:15

On the 14th September, the EU formally introduced its Strong Customer Authentication (SCA) regime as part of the PSD2 roll out. Whilst this regulation aims to ensure greater security for... read more

05 Sep 19 @ 13:58

With Strong Customer Authentication (SCA) coming into force on 14 September 2019 as the final part of PSD2, many online businesses are required to add additional security measures to large... read more

04 Sep 19 @ 07:45

As PCM has reported recently, 40% of European banks will not be compliant with the PSD2 regulatory technical standard (RTS) on Strong Customer Authentication (SCA) by the 14th September deadline.... read more

30 Aug 19 @ 13:41

National Competent Authorities (NCAs) – the national bodies responsible for overseeing PSD2 in EU member states should be flexible around the implementation deadline for PSD2 in a bid to avoid an Open... read more

07 Aug 19 @ 11:49

After intense lobbying from cross industry parties throughout Europe, the UK’s Financial Conduct Authority has agreed to delay EU mandated SCA payments regulations by more than 18 months, after warnings... read more