| Term | Definition |
|---|---|
| Strong Customer Authentication (SCA) |
Strong Customer Authentication (SCA) is a requirement of the EU Revised Directive on Payment Services (PSD2) that mandates the use of two-factor authentication in all electronic transactions. Chip-and-PIN transactions fulfill this requirement for card-present purchases, but e-commerce merchants must have another solution in place. The SCA mandate applies to payment service providers in the European Economic Area. Read more >>> |
