Visa is advising the payments ecosystem to keep pace on implementing Strong Customer Authentication (SCA). On the other hand, in order to avoid unnecessary declines due to the overall lack of readiness across the European Economic Area (EEA), the European Banking Authority (EBA) has acknowledged the need for a period of transition. SCA compliance will not be enforced on September 14.
What does the change mean?
The purpose of this update is on one hand to make sure that e-commerce transactions won’t be disrupted, and on the other hand to make sure that merchants, acquirers and issuers keep working on implementing SCA as soon as possible.
How will this affect you?
Visa recommends that all stakeholders continue to make progress in adopting SCA technology, taking into account that this adoption will occur at different times across the EEA markets. Visa also recommends that all merchants keep using two-factor authentication - such as 3DSecure - to avoid having a surge in declined transactions.
Varies per EEA country