Changing regulations to affect online payment security in Europe
E-Commerce merchants, banks and payment providers across the EU are preparing for the onset of the Strong Customer Authentication (SCA) requirements, to enter into force in September 2019. While these regulations are aimed at strengthening the security of online payment transactions, the industry participants voice a concern over the low levels of readiness and awareness on all sides of the digital payment flows. According to one estimate cited in the ySatts.com report, the market could lose billions of Euros in economic activity during the first year after the requirements take effect.
Security worries in E-Commerce payments remain strong
At the same time, online shoppers’ concern over the security of payment transactions in E-Commerce is still strong. More than two-thirds of digital buyers queried in a recent survey believed that there were not enough payment security checks in online shopping. The consumers’ worries are supported by industry data showing the rising volumes of card not present fraud, the yStats.com report reveals. In the UK, over one-half of all payment fraud stemmed from remote transactions, with a double-digit increase year-on-year. As a result, fraud prevention is expected to remain among the leading payment-related topics on E-Commerce merchants’ agenda for the next several years.
Publication Date: 08/09/2020
Regions Covered: Asia-Pacific - Europe - Africa - North America - Latin America - Middle East
Countries Covered: Australia, Brazil, Canada, Chile, China, France, Germany, India, Japan, Russia, South Korea, UAE, UK, USA
One individual may access and download the report
Up to ten regional employees of an organization may access and download the report
Up to ten global employees of an organization may access and download the report
Publication Date: 17/06/2020
Regions Covered: Asia-Pacific - Global - Asia - Europe - Africa - North America - Latin America - Middle East - South America - Malaysia
Countries Covered: Argentina, Australia, Brazil, Canada, Chile, China, Colombia, Czech Republic, Egypt, France, Germany, India, Indonesia, Israel, Italy, Japan, Kenya, Malaysia, Mexico, Poland, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Thailand, Turkey, UAE, UK, USA
One individual may access and download the report
Up to ten regional employees of an organization may access and download the report
Up to ten global employees of an organization may access and download the report
Publication Date: 05/06/2020
Regions Covered: Asia-Pacific - Europe - Africa - North America - Latin America - Middle East
Countries Covered: Argentina, Australia, Belgium, Brazil, Canada, China, Czech Republic, Egypt, France, Germany, India, Indonesia, Israel, Italy, Japan, Kenya, Malaysia, Mexico, Poland, Russia, Singapore, South Korea, Spain, Sweden, Taiwan, UAE, UK, USA
One individual may access and download the report
Up to ten regional employees of an organization may access and download the report
Up to ten global employees of an organization may access and download the report
Publication Date: 03/07/2019
Regions Covered: Asia-Pacific - Global - Europe - Africa - North America - Latin America - Middle East
Countries Covered: Australia, Austria, Brazil, Canada, China, Colombia, France, Germany, Italy, Japan, Malaysia, Mexico, Morocco, South Africa, South Korea, Spain, Switzerland, UAE, UK, USA, Vietnam
One individual may access and download the report
Up to ten regional employees of an organization may access and download the report
Up to ten global employees of an organization may access and download the report
Publication Date: 29/05/2019
Regions Covered: Asia-Pacific - Global - Europe - Africa - North America - Latin America - Middle East
Countries Covered: Argentina, Brazil, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Philippines, Russia, Singapore, South Korea, Sweden, UAE, UK, USA
One individual may access and download the report
Up to ten regional employees of an organization may access and download the report
Up to ten global employees of an organization may access and download the report
Publication Date: 01/04/2019
Regions Covered: Asia-Pacific - Global - Europe - Africa - North America - Latin America - Middle East
Countries Covered: Argentina, Australia, Brazil, Canada, China, Denmark, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Malaysia, Mexico, Norway, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Thailand, Turkey, UAE, UK, USA
One individual may access and download the report
Up to ten regional employees of an organization may access and download the report
Up to ten global employees of an organization may access and download the report