The recent report by Amadeus, a global travel technology company, shows that many trammel companies still doubt whether they’re ready to comply with Strong Customer Authentication (two-factor authentication). To know more about the new mandate and find an exceptional travel merchant account, just read below.
Strong Customer Authentication&Travel Merchant Account
Being part of the Payment Service Directive 2 (PSD2), the new Strong Customer Authentication (SCA) regulationis designed to make electronic payments more secure and mitigate fraud.
So, the SCA mandate is for tackling CNP (card-not-present) fraud and fight fraud coming from card numbers used fraudulently to make an online purchase. 65% of airlines and agents think SCA won’t bring positive impact on sales.
According to Jean-Christophe Lacour, head of merchant services at Amadeus, merchants are anxious about poor customer experience that might be caused by online interactions customers haven’t faced before.
What about you? Is your travel company ready …