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Is two-factor authentication effective in preventing payment-related fraud?

By Puja Sharma

February 21, 2022

  • AI
  • bank frauds
  • Digital Payments
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Strong Customer Authentication (SCA) is a requirement of the second Payment Services Directive (PSD2) in the UK and the EU. Aimed at securing online payments, consumers’ identities are verified with two-factor authentication. However, like fraud prevention blocks, some avenues of fraud and abuse, those aiming to do your business harm will aim to find another. […]

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