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, @03:04PM (1 child)
Can you give priority to deleting Anonymous Coward? I think the Five Eyes are after me.
(Score: 1) by Chocolate on Friday May 17 2019, @05:41AM
They could be!!! You never know!!!
Give us your real name, date of birth, residential address, phone number, and the names of your parents so we can check everywhere to make sure your data is secure!
Bit-choco-coin anyone?