Andrea De Matteis presented “Looking ahead to PSD3 – Strong Customer Authentication” at the Mastercard Cybersecurity & Risk Summit in Venice.
The main points were:
- PSD3 offers an opportunity to improve the user experience and support innovation;
- issuers will need state-of-the-art risk engines;
- merchants will need to share more transaction data with issuers;
- better data can increase approval rates and enable passive and IoT authentication;
- PSD3 may facilitate behavioural biometrics and clarify SCA delegation; and
- risk-based authentication is likely to become more important.
Read the full text of the presentation.