New internet checks

Financial Chat
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Not sure if this is mentioned anywhere else, but do we know what the Monzo implementation of this will look like? I’m guessing similar to 3DS?

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PSD2 Strong Customer Authentication :slight_smile:

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Isn’t this essentially 3D Secure but made mandatory? I believe PSD2 only requires 3D Secure v1, and banks are slowly moving to the more secure 3D Secure v2 anyway,

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Would there even be a need for Monzo to introduce this?

The current 3DS that Monzo use checks online payments through the app anyway so surely it already qualifies?

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5

why are they checking your internet?

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I read it as being separate from 3DS, but I was wondering if Monzo might go for a similar process for it

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I can see this being fairly annoying, I don’t get signal downstairs so i’d rather they all did an in app notification rather than force sms to be the default option for this sort of thing.

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Exactly. That’s why I’m hoping someone from Monzo can clarify

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It shouldn’t be separate; 3D Secure is an implementation of the Strong Customer Authentication required by PSD2.

https://www.adyen.com/blog/psd2-understanding-strong-customer-authentication

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10

But isnt this for all online transactions, rather than those merchants that choose to use 3DS?

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Surely merchants that don’t use 3DS (or some alternative) in Europe won’t be compliant with the SCA requirements of PSD2?

Edit: it appears that Barclaycard, one of the largest payment processors, foresees 3DS 2.0 being used for applicable transactions.

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Oh right, so basically, every online transaction will just have to use 3DS?

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There are some exceptions such as low value, low risk, etc. but essentially yes, it would appear that’s how things will be implemented.

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14

Shopping online without Mobile coverage?
Almost all providers offers WiFi calling feature…

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Not tesco unfortunately, even though 02 (the network they piggyback do)

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Be careful with that: Only Three and EE support SMS over WiFi Calling in the UK.
Maybe ID Mobile and Smarty too, but I am not entirely sure for those.

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