Tag: Strong Customer Authentication

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.

How facial recognition software can be used in ATMs

Using biometrics to provide strong customer authentications is becoming more popular and is beginning to be used in ATMs to help customers identify themselves.

Challenger bank Knab taps facial biometrics company iProov for its customer...

Dutch online bank Knab prides itself on supplying a human service backed by the latest technology. To that end, it has just teamed up with biometrics company iProov.

UK’s FCA pushes back SCA implementation even further

With the coronavirus putting a lot of pressure on businesses, the UK Financial Conduct Authority has yet again extended the deadline for Strong Customer Authentication (SCA).

What are the next steps for SCA following postponements to compliance...

Postponements to strong customer authentication (SCA) was the right decision, but regulators must make it clear there will not be a second opportunity for meeting compliance, according to Michael Sass vice president, market product management, security solutions, Europe at Mastercard.

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