Companies unprepared for PSD2, stricter EU requirements will drive fraud to other regions

A new iovation report includes original research and analyzes the consequences for the global online payments market around the revised Payment Services Directive (PSD2). By September 2019 payment service providers in the European Economic Area (EEA) have to comply with the directive’s requirements for strong customer authentication (SCA) and third party access to bank accounts or risk getting their payment provider license revoked.

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