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How PSD2 Significantly Changed an Industry for the Better

FISPAN

In 2018, the European Payment Service Directive (PSD2) forcibly took effect across the European Union (EU). Through PSD2, banks were mandated through government legislation to enable access of consumer-authorized data to third parties.

Banking 98
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Meeting The New Challenge Of Rolling Out PSD2 And SCA

PYMNTS

It is even more tricky in Europe where the PSD2 Strong Customer Authentication (SCA) deadline looms large at the end of 2020 (after a significant delay of over a year). As of the end of 2019, eCommerce was about 15 percent of total commerce, Ekata Vice President of Strategy and Operations Arjun Kakkar told PYMNTS in a recent conversation.

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Why The SCA Delay Is Both An Opportunity, Challenge

PYMNTS

14, the legal deadline for the strong customer authentication (SCA) requirement of the Second Payment Services Directive (PSD2) came and went. However, as is often the case when big ecosystems attempt wide and systemic changes, things have not gone quite according to plan. As of Sept. Clarifying The State Of The Transition .

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How New Entrepreneurs Usher Open Banking Into SMB FinServ

PYMNTS

Last year, JPMorgan Chase announced an initiative to open new bank branches in an effort to better address small businesses’ needs, sparking a conversation about what effect bank branch closures actually have on small businesses — and whether entrepreneurs even want physical bank locations at all. Researchers found a 2.2

Banking 57
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For Corporates, Cross-Border Payments Innovation Isn’t All About Speed

PYMNTS

Increasingly, the financial services industry is targeting sluggishness in corporates’ cross-border payments, too, through technologies like blockchain and the development of faster payment rails around the globe. Regardless of how, these technologies and their innovators share common goals: to accelerate and streamline cross border payments.

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Solving For SCA’s $100 Billion Problem

PYMNTS

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. A September to Remember.

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EMV 3DS: Closing the Card Present/Card Not Present Auth Rates Gap

PYMNTS

The onus for them will be that they won’t have to worry about paying and spending significantly on trying to prevent fraud and instead can focus on building out their business [and] all the other things that they typically would have to invest in. “The Selling an EMV 3DS (also referred to as 3DS 2.0) that’s not the case much anymore.

eCommerce 117