SCA

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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EU Proposes PSD2 Revamp for ‘Digital Age’
EU Proposes PSD2 Revamp for ‘Digital Age’
June 28, 2023  |  Regulation

In Europe, the Payments Services Directive is getting a makeover. To that end, as announced on Wednesday (June 28), the European Commission has proposed a...

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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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Behavioral Analytics Balance Experience and Security for BNPL Players
Behavioral Analytics Balance Experience and Security for BNPL Players
October 05, 2022  |  Security & Fraud

The recent discovery by Amsterdam-based cybersecurity firm ThreatFabric that criminals are using Android banking trojans to exploit vulnerabilities in BNPL apps to make fraudulent purchases...

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Finland’s Findynet Paves Way for Pan-EU Interoperability
Finland’s Findynet Paves Way for Pan-EU Interoperability
September 12, 2022  |  Security & Fraud

The Nordic countries have been spearheading digital payment innovation for decades and the adoption of electronic identity (eID) documents is no different. However, ensuring the...

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AI Turns SCA Into Opportunity for eCommerce Checkout Improvement
AI Turns SCA Into Opportunity for eCommerce Checkout Improvement
August 22, 2022  |  Authentication

In the context of eCommerce, strong customer authentication (SCA) refers to the steps merchants need to put in place to confirm that the person making...

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Checkout.com Enhances Authentication Tool to Reduce Abandoned Carts
Checkout.com Enhances Authentication Tool to Reduce Abandoned Carts
August 17, 2022  |  Security & Fraud

Full-stack payments company Checkout.com is rolling out enhancements to its authentication product to help online businesses reduce abandoned carts as evolving strong customer authentication (SCA)...

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EU Considers Adding Crypto, BNPL in Payment Directive
EU Considers Adding Crypto, BNPL in Payment Directive
June 02, 2022  |  Regulation

The European Commission has launched a public consultation to gather information for its review of the second EU Payment Services Directive (PSD2). The Commission has...

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Merchants Risk Losing Customers as New UK SCA Rules Kick Off 
Merchants Risk Losing Customers as New UK SCA Rules Kick Off 
March 14, 2022  |  Authentication

On Monday, March 14, new strong customer authentication (SCA) rules will apply in the U.K. and merchants that didn’t implement these new rules risk customer...

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