Thus, the service is compliant with Strong Customer Authentication (PSD2 SCA) guidelines for initiating and processing electronic payments that would come into effect in December 2020. The support for PSD2 SCA guidelines reduces risk exposure, minimises losses, and provides secure commerce experiences to consumers in an open banking world.
An intelligent risk-based authentication solution, FSS Secure3D offers Smart-Authenticator, supporting multiple authentication modes (biometrics, dynamic knowledge-based question, one time pass code and more) for verifying customers along SCA-specified attributes; Smart-Policy Manager, assisting issuers with implement SCA exemptions; Smart-Protect, analyses merchant fraud score as specified by SCA guidelines for profiling customer transaction activity; and Smart-List and Smart Insights.
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