PRAGUE From the new year, the new rules for protecting e-shops and their customers from fraud will come into force. Will banks introduce the so-called two-factor number of credit card holders when shopping online? How will it work in practice?
In most European countries, a new regulation will enter into force on 31 December 2020, allowing banks in some cases to take extra control steps when you pay online.
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It is known as the Strong Customer Authentication (SCA), which was created by the European Banking Authority (EBA) to protect e-shops and their customers from fraud.
The addition of controls is used to make sure that the card is used by the real owner and not by fraud.
Ask what the specific meaning is? First of all, it is important that the bank can easily connect with the client. When paying for a holiday or wearing a card online for five years, clients should make sure that the bank makes the correct contact details.
It is advisable to get acquainted with the identified process itself. If necessary, according to SCA, banks must verify the client’s integrity on the basis of two factors.
They can do something that only the client (such as a registered mobile phone) owns. And then something that only the client knows (such as the password and PIN), or proof that it is the first one (for example, a fingerprint).
The combination is chosen by the bank itself and tested by individual banks.
So what to do?
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As a general advice, we recommend downloading the banking application and setting up a biometric update. This uses fingerprints, for example, and recognizes the area.
In practice, biometrics is simple, fast and safe, whether the client really pays by card. In addition, this method cannot simply be ignored.
Once the user has set the biometrics on the registered mobile phone, the SCA requirement for two oven forms will be met. In the end, the oven should not be lost or forgotten.
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Another option is a one-time one-time password (OTP one-time password), which the bank usually fields directly to the client’s mobile phone. But it is good to remember that the bank requires me to use the traditional password.
From our point of view, the first two possibilities, biometrics and one-shot, are a suitable variant or password for the customer experience, which we can easily forget.
a je stle ve vvoji
At Visa, we work with banks and payment companies to prepare you for SCA’s entry and to simplify the process as much as possible.
We help banks and companies determine which payments do not require these extra steps (for example, those with very low risk), so that users do not have to identify themselves when making payments on the Internet.
Together with the banks, we are also looking for new ways to perform background checks, and we are combining the individual options so that we can save our clients work and not have to face further steps.
Our goal is to ensure that you can shop online safely, easily and quickly. To do this, do not hesitate to update your contact details at the bank. And be prepared to be prompted for further oven integrity.