PSD2 aims to tackle payments fraud and Strong Customer Authentication is the weapon of choice. Unfortunately, Strong Customer Authentication has a downside, it increases the burden on customers who must prove they are the legitimate account holder more often.
As a Payment Service Provider, you want to limit the burden of authentication on your customers, giving them a better experience. The kind of smooth payment process that helps retain them as customers and even attracts new customers.
Our Executive Brief Getting Your Fraud Operations Ready for PSD2 will help you to understand:
- How Transaction Risk Analysis can smooth the customer journey but only if your fraud rates are low.
- Why you need to determine how youll measure and report fraud rates.
- The role machine learning can play in helping you to future proof your fraud operations as change continues.