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Reaping the benefits of enhanced e-commerce security with Worldline

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.

National authorities need to overcome cultural differences and establish a pan-European grace period

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.

PSD2: Capture its full potential

On 12 January 2016, the revised Payment Services Directive (EU) 2015/2366 - or PSD2 - came into force in the European Union, and went into effect on 13 January 2018. Several parts of this regulation impact merchants globally. One of the most important objectives of the new Directive is related to customer protection through 2 rules: user consent and Strong Customer Authentication.