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2X eCommerce Podcast

SE4 EP29: EU Online Retailers, Prepare Your Checkout for Two-factor Authentication

Jul 4, 2019
20:36

If you own or work in an eCommerce business in the EU, today’s episode is a must-listen. I speak with Mastercard's Executive Vice President of Services in Europe, Milan Gauder, about SCA - Strong customer authentication (SCA) for electronic payments which will be coming into effect in September 2019.

SCA is an anti-fraud measure that will affect all orders over £30 by layering in a mandatory "two-factor authentication", which will require financial institution confirmation with a password or mobile phone fingerprint authentication.

The aim is to make online transactions more secure, on a par with the chip-and-PIN system required in shops.

You don’t want to miss this one! 

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