ENTERPRISES PREPARE FOR STRONG CUSTOMER AUTHENTICATION

September 2019 will see the launch of a new ecommerce authentication law as set out by the EU. Strong customer authentication, otherwise known as PSD2, will require all customers buying and banking online to use two-factor authentication to identify themselves, for example password and fingerprint. Enterprises around the EU are now trying to identify the banks that recognise the new law so that they can transition effectively without fines.