Transaction risk analysis: Difference between revisions
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imported>Doug Williamson (Update final sentence.) |
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* [[Regulatory Technical Standard]] | * [[Regulatory Technical Standard]] | ||
* [[Strong Customer Authentication]] | * [[Strong Customer Authentication]] | ||
* [[Transaction]] | |||
* [[Transactional]] | |||
* [[Two-factor authentication]] | * [[Two-factor authentication]] | ||
Revision as of 11:27, 14 July 2022
Payments - PSD2 - Strong customer authentication (SCA) exemptions.
(TRA).
Transaction risk analysis is an exemption to the requirement for Strong Customer Authentication under PSD2.
Under the TRA exemption, a transaction can be flagged as a low-risk-transaction if:
- the fraud rate of the related payment service provider (PSP) is below a certain threshold, and
- a real time analysis has not revealed any risk.
If the issuer agrees, the individual card-based payment or credit transfer can be exempted from Strong Customer Authentication.
