Strong Customer Authentication (SCA) is a new European regulatory requirement to reduce fraud and make online payments more secure. SCA requires authentication to use at least two of the following three elements.
- SOMETHING THE CUSTOMER KNOWS (e.g., password or PIN)
- SOMETHING THE CUSTOMER HAS (e.g., phone or hardware token)
- SOMETHING THE CUSTOMER IS (e.g., fingerprint or face recognition)
- Banks will need to start declining payments that require SCA and don’t meet these criteria. Although the regulation was introduced on 14 September 2019, we expect these requirements to be enforced by regulators over the course of 2020 and 2021. Click here to read the original SCA requirements.
Talk with your bank for more information on your bank’s requirements or for questions on authentication.