Ready, Set, Go… 48 hours to innovate! Worldline’s 2019 e-Payments Challenge
This September, for the second e-Payments Challenge, Worldline’s clients, experts and Fintechs gathered in Frankfurt, Germany, for 48 intensive hours.
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This September, for the second e-Payments Challenge, Worldline’s clients, experts and Fintechs gathered in Frankfurt, Germany, for 48 intensive hours.
Open Banking is a systemic and far-reaching change in the banking industry. This transformation has evolved in the last few years due to three main factors.
From September 14, 2019, new European Union rules will enhance the security of e-commerce transactions and limit online fraud. Additional security authentications will be required for certain online transactions using the latest version of the industry protocol for Strong Customer Authentication (SCA), 3D Secure (3DS). Worldline’s Deputy CEO Marc-Henri Desportes talks here about how Worldline is helping banks and merchants seize the opportunities of these far-reaching developments.
2019 is a challenging year for banks and other players in the card payment ecosystem. At the beginning of the year, issuing banks had to fit in 3-D Secure 2.0 to protect customers against unauthorized use of their credit card. The technical implementation of this online security standard is much more complex than its predecessor 3-D Secure 1.0, so we can rightly call this a major challenge for issuers.
Banks can play a key role in the development of a federated digital identity solution that can then be used not only for banking but for all sectors, on all devices and over all channels. After all, banks have demonstrated that they can provide very robust online identity.