Tag: Strong Customer Authentication

Payment fraud hits €4.2bn as criminals adapt to SCA

The EBA and the ECB have published the 2025 edition of their joint report on payment fraud, offering a detailed assessment of fraud trends...

Why banks must adopt biometrics to fight financial fraud

Biometrics are rapidly shifting from optional security features to a cornerstone of financial crime prevention strategies worldwide. Regulators across Europe, Asia, and beyond are steadily...

Tradu and Salt Edge collaborate to power secure payments and PSD2-aligned...

Tradu, a London-based multi-asset trading platform for active traders and investors, has formed a partnership with Salt Edge, a global leader in open banking...

Interactive investor integrates NatWest’s Payit for seamless open banking payments

Interactive investor (ii) has rolled out Payit, NatWest’s open banking payment solution, to simplify and enhance the customer payment experience. Through this partnership, ii customers...

How biometric security and mobiles are shaping the future of card...

As digital wallets and alternate payment systems steal the limelight, we delve into the potent partnership between mobile phones and payment cards. Together, they promise greater speed, convenience, and security, transforming how we make payments.

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.

UK retailers miss out on £130m in sales following SCA implementation

Data from Barclaycard Payments has found retailers in the UK have lost out on £130m in sales due to not being compliant with new Strong Customer Authentication (SCA) rules.

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.

iProov launches new solution to fight deepfake cybercrime

RegTech iProov's new solution is set up to tackle the rising threat of deepfake-based cybercrime.

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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