Based on the same GDPR principles of enforcing consumer protection and security requirements for companies operating in Europe, the revised Payment Services Directive (PSD2), which is now in full effect (goes into effect Sept. 14, before the conference but obviously after time of submission), changes the global payment and e-commerce landscape. With PSD2, companies providing payment services in Europe, not just those headquartered there, must comply with the directive's requirements for strong customer authentication (SCA) or risk losing their payment provider license. iovation, a TransUnion company, recently analyzed the impact of PSD2 based on interviews with banks, PSPs and merchant executives. Hear key findings including how unprepared companies are for PSD2, the impact on companies outside the EU, and what steps can be taken to meet requirements without driving up customer attrition.
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Key takeaways: |
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- How do companies ensure cart abandonment does not increase with the new SCA requirements under PSD2 |
