SCA (Strong Customer Authentication) changes & contactless

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Monzo Labs: Improved Card Security

Hi Everyone , On 14 September 2019 new regulation for authenticating payments, called Strong Customer Authentication (SCA), will be introduced in the UK as part of the second Payment Services Directive (PSD2). SCA will play a key role in reducing the level of fraud across the UK by tightening the rules around authenticating our customers when making card payments that don’t need you to enter your PIN. While this new regulation won’t actually protect you from any new types of fraud you we…

It’s an EU directive