Ingenico Group, specialists in seamless payments, has strengthened its support for businesses seeking to remain compliant whilst enhancing efficiency, with the launch of its SCA accelerator suite.
The suite seeks to help online businesses remain compliant, innovative and better control their data. The suite will bring all of Ingenico ePayments’ expertise together to help online businesses improve their performance and facilitate the implementation of Strong Customer Authentication (SCA), due on 31 December 2020.
Simone van Schaik, VP Product at Ingenico ePayments stated: “We’ve worked hard so our customers don’t have to. Our SCA Accelerator Suite is built to handle PSD2-compliant processes on behalf of the customer. My message to all online businesses is that it’s time to make PSD2 work for you.”
In its release, the firm mapped out key benefits of the launch, taking advantage of the latest versions of 3D Secure, ensuring businesses are compliant with The EU Second Payment Services Directive (PSD2).
It also offers authentication routing, ensures the appropriate data collection and streamlines mobile UX. Ingenico’s new suite offers advanced PSD2 features including:
- Automatic Step-Up: When issuers require SCA to authorize, transactions will be submitted through 3D Secure and then resubmitted for authorization without any impact on the merchant.
- Automatic Fallback: If 3DS v2 is not available (technical failure, not supported), a transaction will automatically be resubmitted to an earlier version.
- SmartComply: Makes sure online businesses perform 3D Secure when they are required to do so and analyses transactions to determine if they are covered by the scope of PSD2. It determines if SCA is required or should be skipped.
- AutoExempt: Automatically selects and uses the best exemptions (e.g. whitelisting or low transaction value) depending on the nature of the transaction being processed and issuer/acquirer performance.
The firm continued: “Ingenico ensures PSD2 compliance with a suite of SCA-solutions that are built to effectively manage transactions on behalf of its customers. Previously, there has been a lot of discussion around what is ‘required’ and is needed to ’comply’ with PSD2.
“However, PSD2 is an opportunity for online businesses to innovate, and better control the data that drives their operations. Ingenico developed this new offering to help online businesses by reducing the risk of credit card fraud, increasing conversion rates, and shifting liability back to the issuer.”
Expert Analysis: Combining compliance and innovation is a consistent challenge for firms, therefore for firms to be able to get a headstart in overcoming this is potentially a key factor in securing maximum consumer engagement and the most efficient customer journey possible.
