By Anna Fedorova
SCA rules imposed under the revised Payment Services Directive (PSD2) are forcing payment service providers (PSP) to reassess their relationships with merchants based on their fraud rates.
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Andrea Dunlop, |
Under the new EU-wide rules, remote card-based transactions above €30 may have to go through a two-factor authentication process, depending on the fraud rates of the acquiring bank and the issuer.
If the acquirer’s fraud rate does not exceed 0.13%, transactions up to €100 may be exempt, with this threshold rising to €250 for fraud rates of 0.06%
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