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3D Secure 2.0 – The New Standard for Online Shopping

26. March 2020 Technology

On 14 September 2019, the so-called Regulatory Technical Standards defined by the European Banking Authority (EBA) will come into force. Strong Customer Authentication (SCA) will be mandatory for all electronic payments.

What is the regulatory background for 3D Secure 2.0 and how does the payment industry react to it?

All European-based providers involved in e-commerce have to meet the regulatory technical standards (RTS) coming into force on September 14, 2019 as part of the Second EU Payment Service Directive (PSD 2). Above all, these standards require strong customer authentication (a.k.a. two-factor authentication) when paying on the internet.

3D Secure 2.0 Is Fit for Everyday Use

Customers no longer have to remember passwords and can easily confirm payments, e.g. using a mobile app. 3-D Secure 2.0 fully integrates customer authentication into the sales process. Liability for fraudulent transactions is transferred to the card issuer.

What Exactly Does Strong Customer Authentication Mean?

For strong customer authentication, all payment transactions – with certain exceptions – must be secured “strongly.” This means that at least two of three of the following factors are required:

  • knowledge
  • ownership
  • personal

ADITUS implements the 3D Secure 2.0 standard for you. We will be happy to advise you on any further questions.

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