Payments News


The Next GDPR? Iovation and Aite Group Analyze Impact of New Directive to Increase Payment Security and Services

“The report concludes the stricter requirements for fraud prevention in the EU will drive fraud to other regions such as the U.S. It also finds that most companies are unprepared for PSD2. In fact, a recent study by Mastercard found that only 25 percent of European online merchants are aware of SCA requirements under PSD2, 14 percent already support SCA, 28 percent mentioned they will be SCA ready by September 2019 and 24 percent have no plans to support SCA. Since companies providing payment services in the EEA are subject to the regulation, even businesses with headquarters outside Europe might need to comply.”