What is Strong Customer Authentication (SCA)?
From 14 September 2019, the next stage of online customer authentication requirements will be introduced in Europe. These complement and are in addition to those already in place under GDPR (General Data Protection Regulations (how these affect Australian entities can be found here)) which were introduced on 25 May 2018.
Strong Customer Authentication (SCA) is being introduced in Europe as part of the second Payments Services Directive (PSD2) and seeks to protect online consumers and their information.
A general, but very accessible, guide to the requirements, effects and actions needed has been published by stripe and we’d strongly suggest that any business operating in Europe or servicing European clients take a detailed look at the impact on their business and their websites and digital processes.
If you think that this will only affect European businesses, think again! It is only a matter of time before non-European businesses will be targeted by fraudsters as they will be easier to attack if you don’t take action! Fraud migration is real and it’s coming to a website near you soon!
Business owners can’t assume that web-generators such as Wix and goDaddy will take care of this for them and engagement of an IT Consultancy, such as Influence IT, will help guide you through the labyrinth of legislation and payments compliance involved. This is our value-add to your business when we build and manage your website.
We ensure that you are aware of your obligations in the digital world and help you to ensure that your website and digital processes don’t put your business at risk any more than it need be.
Contact us now for your free, no obligation, 1 hour consultancy to discuss your online business.