The True Impact of SCA on European Merchants
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With the industry anticipating a PSD3 for some time, the European Commission (EC) published, on 28th June, its proposed revisions to the EU Payment Services Directive (PSD2) producing the planned PSD2, and proposals for a Payment Services Regulation (PSR). The proposals can be found here along with several impact assessment documents. The proposals will ensure consumers can make eCommerce payments safely in the EU, both domestically and across border. Better choice for the consumer is also a focus.
On this webinar, we will delve into the proposed changes, what they mean and the impact on the industry.
One size does not fit all. That's the same when we talk about SCA from a merchant perspective. Shoppers are different and each transaction is unique from a security standpoint. In this session we will discuss the outcomes of applying SCA in a selective & optimized way to boost conversion, while minimizing fraud exposure.
Hear from the FIDO Alliance and its stakeholders to get a deep-dive into the topic of passwordless authentication. Hear how major merchants and online service providers are actively collaborating on making web logins more secure and usable for all consumers. We will discuss challenges with legacy approaches; the move away from passwords; and new technologies that are emerging to support this. We will look at this in the context of consumer preferences and regulations.
This session will delve into the real impact of identity-based attacks, drawing from ITRC's work providing assistance to victims of identity compromise, and ITRC’s published research reports. It will cover insights on the latest data breaches that fuel identity fraud, and attack trends across ecommerce, social media, online dating, etc. The session will explore how bad actors circumvent multi-factor authentication to gain access to accounts and conduct malicious scams.
Ultimately, in the world of payments, success depends on human factors, like how consumers perceive and respond to risk, reward and effort.
Against this backdrop, Token surveyed over 1,000 people across Europe about the attitudes, preferences and behaviours shaping their financial and digital lives.
Token presents: "Who Will Pay by Bank" a data-driven look at the human element that will fuel the future of open banking payments.
A glimpse into this report:
- Learn which consumers are paying by bank today and where will we see demand tomorrow
- Discover the behaviours and opportunities that could support continued uptake of account-to-account (A2A) payments
- Understand how consumers in Europe perceive the benefits of A2A payments and other payment methods on a country-by-country basis
- Uncover how consumers understand open banking's evolving role in their lives
- Read commentary from the Open Banking Implementation Entity, Open Banking Expo, American Express, Ban
With the industry anticipating a PSD3 for some time, the European Commission (EC) published, on 28 June, its proposed revisions to the EU Payment Services Directive (PSD2) producing the planned PSD2, and proposals for a Payment Services Regulation (PSR). The proposals will ensure consumers can make eCommerce payments safely in the EU, both domestically and across border. Better choice for the consumer is also a focus.
As regulatory oversight aimed at stopping financial fraud rises, the friction generated by identity and credit checks built into customer onboarding processes is causing many consumers to abandon their shopping carts. Consumers expect simple, fast, convenient onboarding.
The situation is forcing you as a business-to-consumer (B2C) business and online retailer to rethink your customer journeys. You need to find a way to put necessary protections in place that yield fast, accurate but simultaneously low friction and invisible checks. At the same time, consumers want to feel their identities and transactions are secure.
Additionally, businesses have implemented “guest check-out” facilities which have enabled them to reduce friction completely at the expense of not knowing who the end consumer is and introducing a higher potential for returns fraud.
This webinar will explore the challenges, solutions, and next steps you can take to resolve these concerns.
- Tackling digital identity challenges faced by businesses in the United Kingdom, Europe, the Middle East, and Africa.
- Ways to reduce up to 90% of your drop-off during onboarding
- Access to insights on fraudulent transactions and chargebacks and how you can tackle these challenges
- Identify the challenges businesses could face when implementing such strategies
With the upcoming 3DS1 decommission planned in Oct’22, it’s important for merchants to plan their authentication strategy to not just process EMV 3DS transactions but optimize the entire payment experience.
To find out, join Gautam Pande – Director, Product Management, Identity Solutions at Mastercard to provide key considerations ahead of the 3DS1 Decommission & share updates of the Identity Check platform to enable seamless digital commerce
- Find out what to expect after the decommission date
- Be able to understand key changes in EMV 3DS 2.2
- Understand Mastercard’s Smart Authentication Platform
- Preview the Identity Check Express and the customer journey
Better fraud prevention, all around.
Many organizations rely on two-factor authentication (2FA) using one‑time passcodes (OTPs) sent by Short Message Service (SMS) to authenticate banking and ecommerce transactions. 2FA performed this way can be fast and easy, but SMS wasn’t designed to be a security tool.
Learn how your organization can leverage voice biometrics to protect customers and your brand by building the highest levels of protection, trust and loyalty.
Anyone wishing to enter new e-commerce markets needs to understand how consumers prefer to pay – and offer local payment heroes. This quickly boosts revenues and allows a critical competitive advantage to be achieved. It is also important to recognize new trends early and create solutions.
Thanks to Arvato Financial Solutions' many years of experience in e-commerce, our licenses and our connectivity with an incredibly wide range of payment methods, we reduce the complexity of tapping into new markets for our clients. PPRO – the globally leading provider of local payment infrastructure – stands by our side, helping us with best in class integrations to over 100 local payment methods.
In our E-Commerce Payment Report 2021, we show you what you need to know about current payment trends in e-commerce and why local payment methods in particular are so important. You will also learn how to equip your shopping system with the right payment heroes quickly and easily, making it fit for the future.
In Nethone's Frictionless white paper, you will learn:
- How to reduce checkout friction to maximise your revenue?
- How to manage UX friction associated with PSD2/SCA?
- How to prepare for Transaction Risk Analysis (TRA)
- How to keep your customers happy
- How to achieve all this while effectively combating payment fraud