SCAsäädökset

SCAsäädökset refers to regulations related to Strong Customer Authentication (SCA) in the European Union. SCA is a requirement under the Payment Services Directive 2 (PSD2) aimed at reducing fraud and increasing the security of online payments. It mandates that payment service providers implement multi-factor authentication for electronic transactions. This means that customers must typically provide at least two independent elements from the following three categories to verify their identity: something they know (e.g., a password or PIN), something they possess (e.g., a mobile phone or smart card), or something they are (e.g., a fingerprint or facial scan).

The implementation of SCAsäädökset has led to changes in how online purchases are processed, particularly for e-commerce. While the goal is enhanced security, some businesses and consumers have experienced challenges during the transition, such as increased friction in the payment process or technical difficulties. However, these regulations are designed to protect both consumers and merchants by making it harder for unauthorized individuals to access and use payment accounts. The scope of SCA applies to most electronic payments made within the European Economic Area, including credit and debit card transactions. Certain exemptions exist, such as for low-value transactions or recurring payments, to minimize disruption to everyday commerce.