We explore the impact 3DS2 is anticipated to have on the mobile payment experience.
The PSD2 deadline for Strong Customer Authentication (SCA) is fast approaching, and the new protocol addresses a market trend that has needed attention for quite some time now: authentication for mCommerce transactions. This authentication is something that was left out entirely in 3DS version one.
3DS2 provides support for transactions across a wide variety of devices and reduces friction during the checkout process, leading to an improved customer experience and reduced shopping cart abandonment.
A key part of doing payments right is to address the many critical and mandatory regulations that online merchants and marketplaces are required to comply with. The Spreedly team has written quite a few blog posts and guides on these topics, and we've collected them here.
At Spreedly, we’re committed to staying ahead of regulatory requirements so our customers can focus on growth and innovation. Whether it is the European Union’s Payment Services Directive 2 (PSD2) or Visa and Mastercard’s card-on-file mandates, Spreedly is developing the technology to support our customers across the most heavily impacted gateways.
At PAYMENTSfn, 3DS2 was a big focus of our security, fraud, and compliance panel discussion. In this video, we recap the talk and take a look at some upcoming regulations.
Mandatory compliance for Strong Customer Authentication (SCA) comes in September of 2019. Does this directive apply to you? What will happen if you are not in compliance when the deadline takes effect?
Making sense of upcoming payment regulations in Europe can be confusing. In this post we explain the basics of PSD2, SCA, and 3DS2
