Tag: SCA

Strong Customer Authentication non-compliance costs £2m in sales

Businesses not compliant with Strong Customer Authentication (SCA) miss out on £2m in sales each day, a report from Barclaycard Payments claims.

99% of UK merchants have seen rise in payment declines since...

Nearly all UK merchants have experienced an increase in payment declines following the introduction of Strong Customer Authentication (SCA), according to research from Nuapay.

Retailers could lose £3.64m each day through SCA failure

Retailers could lose £3.64m in sales each day as the Strong Customer Authentication (SCA) regulation deadline approaches, according to Barclaycard Payments.

Will SCA be a changemaker for the UK payments market?

Strong Customer Authentication (SCA) has come into force in the UK today, almost a year after its original deadline passed.

EBA could reform a part of SCA

The European Banking Authority commenced its public consultation on the amendment to the Regulatory Technical Standards on strong customer authentication and secure communication (SCA&CSC).

Nearly half of financial institutions to spend SCA extension time on...

UK banks welcome the six-month extension to implement strong customer authentication (SCA) for e-commerce transactions, with 42% planning to use the time to improve and enhance their roll out plans.

Revolut launches web app for computers

UK neobank Revolut has launched an online web app enabling its 13 million customers around the world to access their accounts via a desktop or laptop.

FCA updates its handbook for a post-Brexit UK market

The Financial Conduct Authority (FCA) has published an updated version of the FCA Handbook to give companies ample time to prepare before the Brexit transition period is over.

Using facial recognition for second-factor authentication – Electronic IDentification

Second-Factor Authentication (2FA) has been implemented across Europe under the PSD2 regulation and is helping protect consumers with online fraud. In a new case study, Electronic IDentification has explored the technology.

Customers abandon purchases because of strong customer authentication processes

Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.

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