Strong Customer Authentication

[sahajesh]

Will anything change for Monzo customers, similar to the changes for Nationwide ones?

https://www.nationwide.co.uk/SCA?et_cid=20874071&et_rid=260322602

[SouthseaOne (Michael)]

Seems to be two parts there

First one sounds like 3D Secure, in which case Monzo already has in-app approval working and it seems to be stable enough now between Monzo and merchants for me to trust not falling back to SMS

Second one is more debatable

[danbeddows (Dan)]

I can’t see too much changing to be honest, Monzo already has in-app authentication for 3DS transactions. Rika has mentioned the new specification coming in later this year too.

@Rika

3D Secure 2.0 launches this year and with it comes a number of improvements particularly around payments in apps (the original 3D Secure specification was written well before phones had web browsers!). This should fix a lot of the issues like the one described in this thread.

You will also see a lot more merchants and other banks pushing transactions through 3D Secure as part of their legal obligations under Payment Service Directive 2’s Strong Customer Authentication requirements. I don’t know how Amazon plans to get around this.

[Rika (Scarlet)]

@sahajesh

Will anything change for Monzo customers

Not visibly, we have already been putting things in place to support this over the last year and a bit.

One change you will see is you’ll start to see 3D Secure being used by a lot more merchants though as they update their systems to comply with the regulation too.

[Justin]

Will it be necessary periodically to log into the app again, using the email link? I seem to remember SCA requires this