On 14 September 2019, new legislation called Payment Service Directive 2 (PSD2) will come into effect – aiming to reduce fraud and make online payments more secure. For holiday rental owners and managers this means that when charging (or authorising) a card that is not physically present, or when charging cards remotely, you’ll have to perform Strong Customer Authentication (SCA).
This new level of security involves improvements to 3D security (3DS). 3D security has been in place for years, it is the part of the online checkout process where you sometimes must enter a password in a small window served directly by your bank. With these changes you will sometimes be asked for an additional security step, usually a code sent to your phone by SMS.
In this video (approx 25 minutes long), SuperControl’s Product Director and Co-founder, Robert Kennedy explains the actions that SuperControl is taking to prepare for PSD2 as at 2 September 2019:
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