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Featurespace webinar finds industry not ready for PSD2 deadline

In a poll conducted during a recent webinar on bobsguide, Featurespace found that three quarters of businesses are not ready for Europe’s second Payment Services Directive (PSD2). Respondents said they were either not ready (3.6%), getting ready (28.6%), or weren’t sure (42.9%). 

During the webinar, which also included TSYS and moneycorp, Roger Lester explained the difficulties merchants are experiencing with the rollout of PSD2 from a fraud perspective, particularly after the recent European Banking Authority opinion on elements of Strong Customer Authentication (SCA) under PSD2.

“Even now there are deliberations about what a pushback looks like. Is that six months or 18 months? Is that for everybody or just parts of Europe?” said Lester. “From a merchant perspective its quite a challenging time at the moment because they are trying to understand a clear message of what is happening…”

Read the full article here.

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Aite: Fraud and AML Machine Learning Platform Vendors Evaluation

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