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PSD2 AND PCI BOOKING
PSD2 is a replacement and enhancement for the earlier PSD1 framework which came into force in 2007. The updated PSD2 legislation came into force on September 14th, 2019. PSD2 is designed, among other things, to enhance the security and reduce the risk of online payments. With the introduction of SCA (Strong Customer Authentication), online merchants are now required to add additional authentication steps into the payment flow.
In order to meet PSD2 requirements and accept online payments, online merchants are required to put in place robust and stringent authentication measures. 3D Secure authentication is a direct response to that requirement. 3D secure authentication allows the merchant to display a challenge question to the customer – originating from the card issuer or bank – where the answer is only known by the customer and the issuer. A common example of such challenge is sending a temporary, single use password to the customer’s mobile device.
PCI Booking PSD2 Compliant
PCI Booking is fully PSD2 Compliant. We offer the ability to display the 3D Secure challenge as part of our card capture process – this is done automatically behind the scenes with no additional development from you, thus allowing you to meet the Strong Customer Authentication (SCA) requirement. Additionally, through enhancing our tokenization mechanism, you can capture the 3DS authentication token from a third party, alongside the card details. We have also enhanced our card storage to allow storage and access of the 3DS authentication token.
The 3DS authentication token can then be relayed through our Universal Payment Gateway to payment processors. This makes the customer experience more seamless whilst upholding the SCA requirement.
Where can I find more information?
In advance of the PSD2 requirements coming into force, we took a look at the impact that PSD2 will have on online merchants.
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Use the form below to get in touch to discuss your PSD2 and 3D Secure requirements.