How Will SCA Change Fraud Pressure for Businesses?
Strong Customer Authentication (SCA) is a requirement of the second Payment Services Directive (PSD2) in the UK and the EU. Aimed at securing online payments, consumers’ identities are verified with a two-factor authentication. This authentication will ask consumers to prove two of three factors:
● Knowledge — something they know, like a password
● Possession — something they own, such as a mobile phone