SCA: Crazy Name, Potentially Significant Impact

SCA: Debit and Credit Cards

SCA: Strong Customer Authentication is coming. This is will change the way a large number of credit and debit card transactions that happen online.

At Prater Raines we will  be working with all of our clients that take online payments, to ensure their systems are compliant.  The SCA regulation will reduce the incidence of fraud and increase security. It will introduce a two-factor authentication on electronic payments.

Any clients that use GoCardless (the DD based payment / donation processor) will  unlikely see any changes.  Additionally, following  an initial set up businesses taking recurring payments by card will not be effected. There is a blog post explaining more about how they expect these SCA changes to effect their payments in the future.