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Deadline for SCA compliance approaching fast for European retailers

Deadline for SCA compliance approaching fast for European retailers

Payments consultancy CMSPI believes the looming deadline in Europe for retailers to comply with the regulations around Strong Customer Authentication (SCA) for online sales could cause further damage to an industry already suffering from the effects of severely reduced in-store footfall.

PSD2 and SCA – comply now because it is already the law

PSD2 and SCA – comply now because it is already the law

January 31, 2020 sees the UK ‘leave’ the European Union and begin the process of determining its future trading relationship with EU member countries and indeed the rest of the world. And it’s worth remembering that EU regulations tend to have impact on countries both within and without the European Union.

You can with Onescan – frictionless PSD2 compliance

You can with Onescan – frictionless PSD2 compliance

The new EU Strong Customer Authentication (SCA) rules, require additional verification for online payments of more than €30, and the site quotes a report in the Financial Times, which says that big changes are required to processes and technology at retailers, banks and payment groups.