Oct 29, 2019

Complying With PSD2: Everything You Need to Know

How to Meet SCA Requirements With the Latest Trends in Authentication

With the Revised Payment Service Directive (PSD2) coming into full effect this fall, banks and online retailers need to adapt to changes that carry with them many regulatory and technical challenges. Acknowledging these extensive changes, Germany’s Federal Financial Supervisory Authority (BaFin) recently granted a period of grace for online retailers to implement the element of strong customer authentication (SCA), thus following the lead of other European financial regulatory authorities.

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