DSP2: how to get in compliance?

[Mona]

Hello,

The DSP2 will be effective September 14th.
It includes new online payment obligations, which concern all e-merchants.
To know more and to make sure that your site will be in conformity, I advise you to read this article: https://bit.ly/2XWMUJW

[Julie]

3D secure has been around for a long time, I have it on my sites for 7 or 8 years already, and I thought it was mandatory for a long time

[Mona]

Until now 3-D Secure was not mandatory, but it is advisable to use it to reduce the amount of unpaid due to fraud. From September, the DSP2 makes this additional authentication mandatory for amounts over € 30.

However, as explained in the article, two authentication modes will be possible:
- Strong authentication: the buyer will have to identify himself via a code, a fingerprint ...
- Frictionless authentication: authentication will be transparent to the buyer. Your payment solution will need to exchange data with your customer's bank to ensure the security of the transaction. Today, only an intelligent 3-D Secure system can carry out this operation.

[Julie]

3D Secure transfers the transaction to the buyer's bank and asks the customer to enter a code sent to them by SMS. This is strong authentication?

[Mona]

If the customer has a code to enter to finalize his purchase, in fact it is the strong authentication.
With frictionless authentication, the customer does not have to do anything because the exchange of data is only between the payment solution and its bank. The transaction is secure without the need to enter a code!

[Mara]

I am in Mexico, this rule must applied also for me ?

[Patrick]

@Mara

The technology evolve, the need also and the hacker. In all case same this approach is not the best, the goal is to secure the transaction.

Now if the payment use the sms, all the people do not have a smartphone !

Edited August 15, 2019 by Patrick

[Mara]

Ok, thank you.

If I understand, the best is to have some payment alternative. I think 3.

What do you think ?

 

[Griffou]

A little link can be interesting to read abou the DSP2 :

https://www.braintreepayments.com/blog/getting-up-to-speed-on-psd2-regulation-2/?_ga=1.263201612.1986673433.1566304981

 

[Snoopy]

there is a new article on the blog about the dsp2 :

https://www.clicshopping.org/forum/blogs/entry/15-online-payment-e-commerce-entry-into-force-of-the-dsp2-psd2-directive/

[Mona]

Thank you for the links and recommendation.

[Grimoire]

I think it's important to have a website in relation with the law and to promote this aspect inside a good communication.

It's complicated to sell when your are a little shop owner, in my opinion I think it can be a good strategy.

 

Edited September 1, 2019 by Grimoire