|
Post by rakibul on Dec 2, 2023 4:08:59 GMT -6
In order to address this upcoming regulatory addition in digital payments, the payments industry will need to build the right software to address 2FA authentication . The payments company Stripe has already taken action in this regard. Secondary and tertiary authentication Recently, the company launched Stripe Billing, a product that appears to be geared towards the new regulation. Stripe says this will make compliance with two-factor authentication rules easier for online. Subscriptions. The press release states that the product “will help businesses WhatsApp Number List precisely identify which charges require SCA and send customizable emails to subscribers when additional authentication is required, reducing customer attrition and therefore also revenue loss” . It will obviously be necessary for payment service providers to work with banks in an effort to ensure a smooth transition, given the importance of banking systems in the process of interpreting the Strong. Customer Authentication rules. How much do merchants know about Strong Customer Authentication? Unfortunately, that's the way it is. Not all online merchants are yet aware of the new measures and obligations they will have to comply with in view of Strong Customer Authentication . How online businesses proceed in light of these radical changes will be criticalnd tertiary authentication Recently, the company launched Stripe Billing, a product that appears to be geared towards the new regulation. Stripe says this will make compliance with two-factor authentication rules easier for online
|
|