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The Strong Customer Authentication (SCA) requirements under the PSD2 come into effect this September, but are payment service providers ready?
PSD2 doesn’t have to be post-apocalyptic, but it is going to bring about major changes, especially in the financial sector. Consumers are increasingly sensitive to any added friction and are voting with their feet. An estimated 70% of consumers abandon online forms due to a poor experience.
So the question is, how do you balance risk and compliance without compromising the customer experience?
The winners post-PSD2 will be those that are able to collaborate closely with merchants to maximize SCA exemptions and minimize friction for those transactions subject to SCA.
This webinar is being presented in conjunction with the Merchant Risk Council (MRC).