Strong Customer Authentication (SCA) and PSD2 - enabler or obstacle?

Presented by

Kristian Sørensen (Norfico), Tim Richards (Consult Hyperion), Adam Kissane (Deloitte), Marten Nelson (Token)

About this talk

With the new European Payment Service Directive (PSD2) the most talked about topics are the new access to account (XS2A) options that Payment Initiation Service Providers (PISPs) and Account Information Service Providers (AISPs) will get. But as the Directive not only aims to open the banking infrastructure to foster innovation but at the same time it also aims to increase security and reduce fraud. To achieve this ambition new requirements for the use of Strong User Authentication (SCA) play a central role of the Directive. The Commission have given the European Banking Authority (EBA) the responsibility to develop Regulatory Technical Standards (RTS) for SCA. The process has involved discussion papers, 250+ comments from different parties and by the end of February, the "final draft" version of the SCA RTS was published. The panel will make sense of the alphabet soup of acronyms and discuss the requirements, the interpretations and the implications of SCA and the RTS. *What is SCA? *How can SCA be done? *Who must do SCA? *Who can do SCA? *How will SCA impact transactions and commerce?

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