Europe is tackling the biggest issues of the modern age and the rest of the world watches and follows. Case in point, the EU GDPR set a global standard for data privacy and the revised EU Payment Services Directive (PSD2) aims at doing the same for e-commerce. With PSD2, companies providing payment services in Europe, not just those headquartered there, must comply with the directive's requirements for strong customer authentication (SCA) or risk losing their payment provider license. iovation, a TransUnion company, recently analyzed the impact of PSD2 based on interviews with banks, PSPs and merchant executives. Hear key findings including how unprepared companies are for PSD2, the impact on companies outside the EU, and what steps can be taken to meet requirements without driving up customer attrition.
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Key takeaways: |
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- How do companies ensure cart abandonment does not increase with the new SCA requirements under PSD2 |
