The Second Payment Services Directive (PSD2) and Strong Customer Authentication (SCA) come into enforcement across Europe September 14, 2019. Although we’ve written about it before, we thought we should answer some questions about how this impacts payments on your Event Espresso-powered website.
PSD2 is a set of new European regulations regarding payments, one of which is SCA. If your website does not meet the requirements of SCA, your European customer’s banks may refuse payment. The new requirements apply to online transactions where the issuing and acquiring banks are located in the European Economic Area (EEA).
We’ll explain how to meet the requirements of SCA in order to keep accepting payments even after PSD2 comes into effect. (more…)