New PSD2 and SCA (Strong Customer Autenthication) regulations for secure online payments
From January 15, 2021, the way to make online card payments is changing due to an EU regulation called PSD2. The Revised Payment Services Directive (PSD2) is the EU legislation for electronic payment services that aims to make online card payments more secure in Europe; you may be required to confirm your online payments with two-factor authentication. This is to ensure the security of your money, and is an important measure to help prevent online fraud.
The goals of the PSD2:
- Secure online transactions
- Protection of your ssl connection
- Protection against fraud of your data