3DS 2.0
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Hi, today we received an e-mail from Braintree on which they tell us to update to 3DS 2.0 by April 2019.
There is something we have to expect from this plugin to be compliant? And if yes, there is a deadline to got it?Thanks in advance
An excerpt of the email follows:
You’ve likely heard about Strong Customer Authentication (SCA) requirements, which are part of the Payment Services Directive (PSD2) regulations that came into effect early last year. We understand that there’s a lot of uncertainty around these changes, so we wanted to reach out to help you begin to prepare.
What does SCA mandate?
SCA mandates that many transactions will need to be carried out more securely using at least two of these three authentication factors:· Knowledge: Something you know, typically a password or PIN.
· Possession: Something you have, such as a device or credit card.
· Inherence: Something you are physically, typically a fingerprint or other biometric.What do I need to do?
Moving to 3D Secure 2.0 (3DS 2.0) can help merchants transacting in Europe meet SCA requirements as well as help enhance fraud protection. 3DS 2.0 is also expected to reduce friction in both the web- and mobile-purchase process and can help increase conversions.When is the deadline?
Although the date of enforcement isn’t until September 2019, Braintree recommends that merchants be ready to integrate 3DS 2.0 into their checkout experience by April 2019 per the card brands’ guidelines.
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