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PSD3 in focus: The evolution of SCA and APP fraud prevention requirements

Published by OneSpan

The OneSpan White Paper explores the impact of PSD3 and PSR regulations on IT and finance companies, focusing on Strong Customer Authentication (SCA) and Authorized Push Payment (APP) fraud prevention. PSD3 introduces stricter SCA mechanisms, requiring multi-factor authentication, fraud monitoring, and accessibility improvements. It mandates IBAN/name matching, expands impersonation fraud liability, and enforces data-sharing regulations for fraud prevention. Payment service providers (PSPs) must support multiple authentication methods and provide them free of charge. As regulations evolve, compliance with enhanced security and fraud detection measures will be essential for financial institutions.

 

 

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Related Categories Digital Transformation, Cloud Computing, Enterprise Software, Business Intelligence, Data Management, Workflow Automation, IT Service Management, Collaboration Tools, Project Management, Healthcare, Medical Imaging, Electronic Health Records (EHR), Telemedicine

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