PYMNTS-MonitorEdge-May-2024

SCA

Deep Dive: Retailers Prepare To Face SCA’s Downsides
Deep Dive: Retailers Prepare To Face SCA’s Downsides
July 19, 2019  |  Regulation

Stronger authentication is an obvious, albeit costly, defense against the growing number of online banking fraud attempts. European merchants will be forced to comply with...

READ MORE >
Why ING Is Taking A Platform Approach To PSD2 And Open Banking
Why ING Is Taking A Platform Approach To PSD2 And Open Banking
July 18, 2019  |  Regulation

As the second Payment Services Directive (PSD2) brings more third parties into the European financial world, banks are seeing a shift in their relationships with...

READ MORE >
In The Dark About GDPR’s SCA?
In The Dark About GDPR’s SCA?
July 17, 2019  |  Today In Data

Strong customer authentication (SCA) looms on the horizon for businesses based in Europe. The latest PSD2 Tracker shows that a majority of European citizens are...

READ MORE >
Many Retailers Aren’t Prepared for PSD2 – But Are Consumers?
Many Retailers Aren’t Prepared for PSD2 – But Are Consumers?
July 17, 2019  |  Retail

The second Payment Services Directive (PSD2) groundwork laid out in 2016 is about to come to fruition in a few months – Sept. 14, 2019,...

READ MORE >
How PSD2 Is Changing ING Bank’s API Strategy
How PSD2 Is Changing ING Bank’s API Strategy
July 16, 2019  |  Regulation

Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. Banks are innovating their application programming interface (API) ...

READ MORE >
How Banks Can Compete With FinTechs Under PSD2
How Banks Can Compete With FinTechs Under PSD2
June 25, 2019  |  Regulation

With Open Banking expanding across the EU, legacy FIs are increasingly at risk of losing customers to FinTech firms that now have access to previously...

READ MORE >
In The PSD2 Age, Banks Must Think Like FinTech Firms
In The PSD2 Age, Banks Must Think Like FinTech Firms
June 24, 2019  |  Regulation

With the Strong Customer Authentication (SCA) compliance deadline less than four months away, banks are still underprepared. While banks continue to open their application programming...

READ MORE >
European Banking Authority Offers Relief On SCA, PSD2 Rules
European Banking Authority Offers Relief On SCA, PSD2 Rules
June 23, 2019  |  Regulation

The European Banking Authority (EBA) published an opinion on strong customer authentication (SCA) under the revised Payment Services Directive (PSD2), acknowledging that implementing the new...

READ MORE >
Token CEO: Why Open Banking Is Really ‘Closed Banking’
Token CEO: Why Open Banking Is Really ‘Closed Banking’
June 10, 2019  |  Bank Regulation

Open Banking is brand new, but maybe not. Token.io Limited CEO Steve Kirsch tells Karen Webster that there are limitations with PSD2 amid a lack of API...

READ MORE >