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Europe is bracing itself for a big shake-up in how we pay for things online, which will have significant consequences for businesses across the region. Similar to how GDPR hugely impacted how millions of organizations handle personal data when it was enforced last year, Strong Customer Authentication (or SCA) will have profound implications for how businesses handle online transactions and how we pay for things in our everyday lives when it is enforced on September 14.
SCA will require an extra layer of authentication for online payments. Where a card number and address once sufficed, customers will now be required to include at least two of the following three factors to do anything as simple as order a taxi or pay for a music streaming service. Something they know (like a password or PIN), something they own (like a token or smartphone), and something they are (like a fingerprint or biometric facial features).
https://thenextweb.com/podium/2019/05/10/your-business-passed-the-gdpr-challenge-but-sca-is-next/
(Score: 0) by Anonymous Coward on Tuesday May 14 2019, @11:53AM (2 children)
Wondering if EU retailers will come up with something like this to skirt SCA requirements.
And I'm impressed at the quote from the devils dictionary in your .sig
(Score: 2) by quietus on Tuesday May 14 2019, @05:07PM
There's a trend to accept a customer's order without him/having to pay directly. All of my online business purchases -- except for those from the single US website -- go like this: order, than pay after reception through ATM (I'm not into online banking, though that's a hard push these days too).
Making an online purchase with credit card has required an OTP [bank provided device] for years now.
(Score: 2) by The Mighty Buzzard on Wednesday May 15 2019, @10:10AM
Cheers. I'm a big fan in general. I'd have preferred his definition of responsibility but it's too long for a sig.
My rights don't end where your fear begins.