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Lack of SCA readiness is ‘poison in the water’

Fraud, compliance & fraud

June 25, 2019

Organizations that have failed to prepare for the Strong Customer Authentication (SCA) requirement under Europe’s Second Payment Services Directive (PSD2) face losing potential partners and suppliers, according to Louise Beaumont, co-chair, Open Banking Payments Working Group, techUK.

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73% of corporates believe the threat of fraud has increased in the past year. 

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