EBA Strong Customer Authentication – The End of Frictionless Card Payments?

EBA Strong Customer Authentication – The End of Frictionless Card Payments?

It seems that European payments regulation may be forcing the cards market to take a step backwards. We appear to be moving away from the frictionless online payment environment that so many of us use day to day, towards a much higher friction world where every transaction over €10 is actively issuer authenticated. This blog explores some of the implications of the tough stance taken by the European Banking Authority on consumer authentication in the European cards market.

Sourced through Scoop.it from: www.finextra.com

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