Address PSD2 Requirements
Comply with PSD2 while maintaining low transaction friction
Prevent fraud and maintain frictionless transactions
RSA Fraud and Risk Intelligence Suite has a strong track record of successful risk-based authentication and transaction risk analysis. The suite delivers fraud prevention and authentication methods to help meet the requirements of PSD2, while maintaining a user-friendly and frictionless customer experience.
$25.6 billion
Estimated losses from fraudulent online transactions expected by 2020
18.4%
Increase in credit card fraud in 2018
Source: “Credit Card Fraud Statistics,” Shift Credit Card Processing
81%
Greater likelihood of card not present fraud than point-of-sale fraud
Source: “Credit Card Fraud Statistics,” Shift Credit Card Processing
Challenges of balancing PSD2 compliance, risk mitigation and consumer experience
Consumer protection. Consumers must be shielded from fraud and, at the same time, provided the flexibility they’ve come to expect.
New attack vectors. PSD2 requirements for account access and transactions across financial institutions via APIs expand the attack surface.
Managing business impacts. Organizations need to address PSD2’s effect on the consumer experience (and therefore revenue) and on the cost of compliance.
Best practices for addressing PSD2 requirements for SCA and open banking
Leverage analytical models that analyze a broad range of risk indicators, including behavior, device type and fraud threat intelligence.
Maintain low fraud rates to maintain eligibility for benefits of PSD2 SCA exemptions, utilizing transaction risk analysis.
Rely on proven fraud detection and prevention technologies that establish a broad foundation for digital transaction security beyond PSD2.
Take the next step
RSA Adaptive Authentication for eCommerce
Support PSD2 requirements with 3D Secure 2.0 authentication to prevent fraud while keeping consumers happy with the transaction experience.
Gain protection from account takeovers
See how RSA provides anti-fraud capabilities to protect against account takeovers without sacrificing customer convenience.
Modernize your compliance program
Learn how RSA can help banks meet the requirements of PSD2 and other global regulations while reducing risk and costs.