Clearent Connects: Why the US has to Pay Attention to PSD2 Now
COVID has delayed the second Payment Services Directive, or PSD2, in Europe, allowing card and payment providers to meet new authentication required standards by December 31, 2020. While this effects Euro cardholders by ensuring payments are performed with multi-factor authentication, this also has a reaching effect in the US as we have now become an easier target for fraud and illegal activities.
