Strong Customer Authentication

Strong Customer Authentication Drives 4% Decline in UK Fraud Losses
Strong Customer Authentication Drives 4% Decline in UK Fraud Losses
May 23, 2024  |  Fraud Prevention

Financial services industry initiatives helped drive down fraud losses in the United Kingdom in 2023. Criminals stole about 1.2 billion pounds (about $1.5 billion) through...

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Barclaycard Says Retailers Need Detect-and-Protect Mindset to Stop Online Fraud
Barclaycard Says Retailers Need Detect-and-Protect Mindset to Stop Online Fraud
March 08, 2023  |  Security & Fraud

Payment fraud is expected to jump from $28 billion globally in 2020 to $49 billion in 2030, according to analysts. Those figures, said Linda Weston,...

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New SCA Rules to Reduce Friction in Open Banking Payments
New SCA Rules to Reduce Friction in Open Banking Payments
December 14, 2022  |  Bank Regulation

Changes to strong customer authentication (SCA) rules in Europe are aiming to reduce customer friction. In the EU, the European Banking Authority (EBA) has updated...

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UK Sees 13% YoY Drop In H1 Fraud Losses As In-Person Scams Surge
UK Sees 13% YoY Drop In H1 Fraud Losses As In-Person Scams Surge
October 18, 2022  |  Security & Fraud

In the never-ending cat-and-mouse game between those looking to defraud consumers and others looking to protect them, the advent of enhanced Strong Customer Authentication (SCA)...

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EBA Recommends a Standard API for Open Banking in New PSD3 
EBA Recommends a Standard API for Open Banking in New PSD3 
June 28, 2022  |  Bank Regulation

The European Banking Authority (EBA) published on Thursday, June 23 an opinion in response to the European Commission’s call for advice on the upcoming review...

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PSD2’s SCA Rules Create Snags For Commercial Card Payments
PSD2’s SCA Rules Create Snags For Commercial Card Payments
February 04, 2021  |  B2B Payments

The start of 2021 marked the start of Strong Customer Authentication (SCA) enforcement across Europe under the European Banking Authority’s PSD2 (revised Payment Services Directive)...

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Spreedly Offers Payment Orchestration For 3DS2 Compliance
Spreedly Offers Payment Orchestration For 3DS2 Compliance
December 08, 2020  |  Payment Methods

Spreedly announced Tuesday (Dec. 8) in a blog post that clients can now harness the company’s payments orchestration platform as a single way to handle...

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Wanderlust Wines On Why Merchants Are Not Yet Convinced By SCA’s 2FA Promise
Wanderlust Wines On Why Merchants Are Not Yet Convinced By SCA’s 2FA Promise
August 19, 2020  |  Bank Regulation

European Union regulators are eager to pop the top on new regulations to solve the region’s fraud woes. But many merchants still aren’t convinced, says...

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Deep Dive: How SMBs Can Brace For Changing Digital Payment Regulations
Deep Dive: How SMBs Can Brace For Changing Digital Payment Regulations
July 01, 2020  |  Bank Regulation

Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s...

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