Last Tuesday, the Spanish Association of the Digital Economy cell id database pakistan ( Adigital ) presented its Study of Payment Methods and Online Fraud 2020 at the innoPayments’20 meeting , dedicated to reflections and proposals in the sector of digital payment methods in Spain. Their conclusions have put on the table cell id database pakistan that 40% of e-commerce still do not know the new payment obligations that come into force in December . Furthermore, the development and management of tools to combat fraud is still too weak; an especially critical deficiency now that, after the pandemic, the boom in the online cell id database pakistan environment is unstoppable.
The Adigital study focuses on the evaluation cell id database pakistan of the degree of knowledge and adaptation to the latest European regulation on payment services, PSD2 . Specifically, the low percentage (37%) of companies that have developed measures or action plans to shield cell id database pakistan SCAs (Strong Customer Authentication) is of concern ; essential tools to protect the safety of users against possible fraud in online payment. “There is still a level of ignorance about SCA greater than we expected, something critical since January 1, 2021 will be mandatory, in the middle of the Christmas season and in the face of a possible restriction cell id database pakistan of face-to-face sales channels.
The main consequence that companies will experience cell id database pakistan in general will be a decrease in sales and in some cases a total impossibility of processing payments ”, said José Luis Zimmermann, CEO of Adigital, during the presentation In sale leads order to bypass SCA implementation due to low risk, it is necessary for companies to have optimal levels of fraud. In this sense, 54% cell id database pakistan of companies declare that their fraud rate is less than 0.25% . Among the most widely used systems for fraud management are 3D Secure (83%) cell id database pakistan and CVV petition (57%)