New authentication requirements are taking effect in Europe — but some payments firms have raised concerns about their readiness

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New authentication requirements are taking effect in Europe — but some payments firms have raised concerns about their readiness
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New authentication requirements in Europe could cut down on fraud and increase consumer trust:

deterrent for shopping with an e-tailer is security concerns; so, SCA may be a boon to merchants and payments firms once they get past any issues that pop up early on.

Several companies have introduced tools and products to help firms involved in the payment process adjust to SCA. TSYSan authentication product for issuers and ACI Worldwide added tools that cover areas like risk management and fraud that can help firms handle authentication, as two examples.

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