PSD2 SCA compliance | GPayments

 

Explore PSD2 & Strong Customer Authentication (SCA) requirements. Learn how GPayments' ActiveAccess and 3D Secure 2 solutions ensure seamless compliance and secure online payments.

PSD2 is the second iteration of the ‘Payment Services Directive’ (PSD), a European Union (EU) directive first introduced in 2007 to regulate payment services and payment service providers (PSPs). PSD allowed for better pan-European competition and participation in the payments industry while threatening to break-up the banking industry’s monopoly on facilitating secure online payments. Many are concerned about the implications of adapting to SCA under PSD2 but they need not be.

GPayments, a well-known 3D Secure vendor for over 15 years, is introducing a new version of ActiveAccess, its innovative authentication platform, which supports 3D Secure, 3D Secure 2, and SCA, using its multi-factor authentication module.

What is Strong Customer Authentication (SCA)?

Strong customer authentication (SCA) is defined as “an authentication based on the use of two or more elements categorised as knowledge (something only the user knows), possession (something only the user possesses) and inherence (something the user is). These must be independent from one another, in that the breach of one does not compromise the reliability of the others, and is designed in such a way as to protect the confidentiality of the authentication data.”



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