Strong Customer Authentication (SCA) is a requirement of the second Payment Services Directive (PSD2) designed to force EU payment service providers to improve authentication processes. Six years after it became law, Olympe Leflambe, General Counsel, Legal and Compliance at Mangopay discusses the state of authentication in 2024.

1.  What are the key principles of SCA?

Dwolla, a leading provider of account-to-account (A2A) payment services, today announced it has expanded its partnership with MX Technologies, Inc. to make it easier than ever for enterprises to manage money movement.

Global travel payment orchestration platform FinMont has partnered with Triple-A to integrate digital currency payments into its ecosystem.

Launched by the founders of German airline Hahn Air, FinMont offers merchants from the travel industry a unique solution that unlike other options available, streamlines both B2C and B2B payments.

Today, Visa, a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across immediate account-to-account and card-not-present (CNP) payments, as well as transactions both on and off Visa’s network.

Travelex, a market-leading foreign exchange brand, has won the tender to operate foreign exchange and tax refund services for the Terminal 1 non-Schengen Terminal at Munich Airport.

Worldline , a global leader in payment services, has successfully completed the migration of Consorsbank’s Visa Card Portfolio from the existing legacy mainframe solution to its cutting-edge customer-centric issuing processing solution.

Travel debit card Currensea, has now hit 100k cardholders with its money-saving solution now used globally every nine seconds.

This is the latest sign of Currensea’s strong growth, with monthly usage doubling from last year as travellers increasingly look to reduce foreign exchange (FX) fees and enhance value.

Riverty and Adyen partner up to offer a 14-day invoice payment solution for Adyen’s customers in the DACH region. Central to this collaboration is Riverty’s commitment to addressing merchant needs, aiming to enhance the overall merchant experience and drive business growth.

Alaan, UAE’s fastest growing corporate card solution, and Visa, a world leader in digital payments, announced a landmark 5-year deal to digitize expense management processes for businesses in UAE and KSA.

Boku, the global network for localised payment solutions, has released a global research report entitled ‘2024 Global Ecommerce Report: The Changing World of Payments’ - an in-depth analysis of payment preferences and purchasing behaviours of consumers across the globe.