Resources
See latest analysis »
SCA exemption: the perfect storm for machine learning

SCA exemption: the perfect storm for machine learning

Source:

The payments community is well used to the abundance of acronyms that has become its legislation of late, but less so to the grey overlaps between various directives and standards - least of all Strong Customer Authentication (SCA) within the online and e-commerce payment experience.

 But Payment Service Providers (PSPs) are increasingly finding themselves in quite a predicament, as high customer expectation drives a seamless payment experience while also demanding additional security; all this in the face of ever more sophisticated Authorised Push Payment (APP) fraud.

The Financial Conduct Authority (FCA) and European Banking Authority (EBA) – through PSD2 – have both been vocal of the new SCA measures required of PSPs, most recently highlighted by the Financial Ombudsman Service.

The solution? The fight against fraud has also matured emerging technologies and thrust them into the legislator’s limelight as solutions to the seamless UX/strong authentication paradox.

Download the document now 938.1 kb (Chrome HTML Document)

Comments: (0)

sponsored

Analysis resources
See all Analysis resources »
What’s Next for Nordic Payments?
/analysis

What’s Next for Nordic Payments?

The Rise of Real-Time and cross-Border, by Peter Larsson, Principal Solutions Consultant, Real-Time Payments - Europe & North America

T2/T2S Consolidation: Can digital transformation be an opportunity for liquidity management?
/analysis

T2/T2S Consolidation: Can digital transformation be an opportunity for liquidity management?

The Eurosystem project to consolidate TARGET2 and T2S and to meet changing market needs by enabling a truly real-time 24x7 settlement infrastructure for cash, securities and collateral aims at increasing efficiencies and optimising liquidity management across all TARGET Services.

SCA exemption: the perfect storm for machine learning
/analysis

SCA exemption: the perfect storm for machine learning

The payments community is well used to the abundance of acronyms that has become its legislation of late, but less so to the grey overlaps between various directives and standards - least of all Strong Customer Authentication (SCA) within the online and e-commerce payment experience.