The deadline for PSD2 implementation is now the 14 March 2022 for the UK. From 1 June this year, card schemes will gradually begin their implementation. We recommend merchants enable 3D secure before this date to ensure no disruption to payment processing as the ramp-up begins
Qualifying criteria based on 3D Secure V2 usage. Approval & fraud rate based on Elavon customer’s transaction analysis 2020. Up to 85% faster checkout & up to 70% reduction in shopping cart abandonment when a risk-based authentication flow is used with 3D Secure, Visa 2020.
Strong Customer Authentication makes payments more secure for both your business and the customer by adding an extra layer of protection known as two-factor authentication (2FA). When SCA comes into effect, customers will be required to provide at least two forms of identification when making a payment; something the customer knows such as a pin or password, something the customer possesses such as a smartphone or something the person is such as biometric fingerprints.
The deadline for PSD2 has been extended to 14 March 2022 for the UK. Keep up to date with any changes using the timeline below.SCA Timeline
The first step to achieving SCA compliance is to activate 3D Secure within your MySagePay account. Those on our PI or Direct integration will need to undertake some additional development.Get Started
The introduction of Strong Customer Authentication as part of the Payments Services Directive 2 (PSD2) will make doing business easier, faster and safer going forward.