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Post by rakibul on Dec 2, 2023 6:01:17 GMT -4
. This, at least for the moment, means two-factor authentication. If e-commerce companies do not implement these changes, banks will automatically reject payments that do not meet two-factor authentication criteria. Some cases exempt from 2FA There will however be some exemptions from these measures. Recurring direct debits will not be affected by the regulation. Contactless payments and in-person card payments will also WhatsApp Number List remain exempt. Additionally, if a customer will regularly purchase from a particular merchant, 2FA may only be needed initially . After that, on subsequent occasions, the customer will be whitelisted and will not need to repeat the process. 2FA: Potential problems There are 6,000 banks in Europe. If everyone interpreted the . SCA rules in their own way, the result, both for consumers and traders, could be very inconsistent and confusing. After all, what is meant by “ second factor ”? The consumer may be required to provide secondary authentication such as sound of voice , facial recognition , a PIN number , fingerprint, and other means of biometric authentication. The requirement is that the client provides authentication according to “ something I am, something I have, or something I know “.
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