Credit card fraud is expected to exceed $35 billion by 2023. European regulatory requirements, including the Second Payment Services Directive (PSD2) Strong Customer Authentication (SCA) and GDPR are aimed at reducing fraud and the theft of private identifiable information (PII). Recent implementations of EMVCo.’s 3DS and 3DS2 protocols to authenticate cardholders and facilitate transaction authorization, have interrupted the online check-out and bank transaction processes, resulting in abandonment, lower transactions, and customer dissatisfaction.
FIDO is an authentication protocol that can simplify the cardholder and customer authentication process to reduce abandonment, transaction time, and fraud. Click on the link below to view the third installment of our PSD2 webinar series on the business-side of PSD2 SCA Compliance.
View the recording below to learn more about:
- Improving the user experience for online payments and banking transactions
- Reducing cart and transaction abandonment
- Lowering the cost of authentication and cardholder verification
ABOUT THE SPEAKER
Suhail Noor is a Technical Project Manager at StrongKey, focusing on improving the company's security solutions and ensuring that existing customers are making full use of them. Outside of work he enjoys being outdoors and reading, ideally at the same time.