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Digital Identity, Security & Online Fraud

Wirecard reveals fast track PSD2 onboading through Financial Commerce Platform

Monday 19 August 2019 | 10:35 AM CET

Wirecard has announced it’s automatically offering all new customers a fast track to PSD2 onboarding through its digital Financial Commerce Platform.

The Germany-based global provider of digital payments and commerce solutions announced that from 14 September 2019, new rules will apply in the EU. These stipulate that every online payment or banking user must authenticate themselves twice (3-D Secure 2).

This authentication is a combination of knowledge such as a password or PIN, items in one’s personal possession like a credit card, or biometrics including one’s own fingerprint. However, this measure means that online merchants have to change their payment acceptance in the backend to at least two of these three factors.

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