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2Checkout Announces PSD2 ComplianceATLANTA, Sept. 12, 2019 (GLOBE NEWSWIRE) -- 2Checkout, the leading all-in-one monetization platform for global businesses, announced compliance with the second Payment Services Directive (PSD2) regulatory framework, including Strong Customer Authentication (SCA) for customer-initiated payments and EMV® 3D Secure (3D Secure 2). Presented as a catalyst for innovation in the financial industry, PSD2 is a revised regulatory framework for payment services, initiated by the European Banking Association. PSD2 comes with regulatory changes, not only for payment service providers, but also for European digital merchants that are selling any type of product to customers within the European Economic Area (EEA). The introduction of SCA for customer-initiated payments with the implementation of 3D Secure 2 is one of the key changes impacting how online sales will be conducted within the EEA. 2Checkout is fully compliant with these changes, and ensures that its clients are also covered, regardless of their location or the business model they are employing. As a result of this compliance, 2Checkout merchants can:
“2Checkout is continuously investing in compliance, and PSD2 and SCA are great examples of this effort. Regardless of our clients’ business model, or the markets they sell into, we’ll provide them with a compliant and optimized purchase process. This will ensure they maintain a great customer experience, and at the same time achieve high conversion rates,” said Erich Litch, President and Chief Operating Officer at 2Checkout. For more information on how 2Checkout is helping merchants meet compliance with the PSD2 and SCA regulatory framework, please see the 2Checkout dedicated landing page on PDS and SCA as well as the following resources:
About 2Checkout Media Contact: Delia Ene, 2Checkout Email: [email protected] Tel: +31 20 890 8080 ext.: 4654 |