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4-stage grinding regulation was decided. Anyone shopping online doesn’t have to deal with higher security requirements until after the turn of the year.
Vienna (OTS) – Two-factor authentication “bugbear” (2FA) has been around for a long time, January 1, 2021 would have actually happened. Starting January 1, 2021, online payments should only be made with Strong Customer Authentication (SCA), specifically for online payments, for example, with PIN and mobile TAN. The best known example is the “3D Secure Code”, which is already used in many web stores.
4-stage grinding regulation fixed according to quantity
Originally, strong customer authentication for cashless payments was to be implemented as of September 14, 2019. Due to trade association involvement, the implementation deadline was initially postponed to 01/01/2021. However, due to the Corona crisis, there were further delays at numerous retailers, which is why the trade association has vehemently advocated for another postponement. In fact, it has now been possible to extend the regulatory leniency for e-commerce payments until March 14, 2021.
This means that strong client authentication is not fully implemented at the beginning of the year but, depending on the quantity, it is implemented in the following stages:
- Until Jan 14, 2021 – No Strong Client Authentication;
- As of January 15, 2021: Strong customer authentication for amounts over 250 euros;
- As of February 15, 2021: Strong customer authentication for amounts over 150 euros;
- Starting March 15, 2021: Full and strong customer authentication for all amounts.
“The Corona crisis poses enormous challenges for our retailers. At the same time, initial difficulties have repeatedly arisen when launching new IT systems in recent weeks. In this context, it was even more important to find a practical solution with a solution. appropriate to implement strong customer authentication. We are very pleased to have primarily accomplished this. Of course, we would have preferred a non-bureaucratic extension of the term without tiered amounts. “, represents the managing director of the trade association Rainer will Clear.
The trade association recommends that merchants clarify the implementation with payment service providers.
The new terms are used by the respective payment service provider, not by merchants and web shops. “We recommend that all merchants act securely, contact the payment service provider and clarify whether the step-by-step implementation can really be used.”He says Be.
In general, defending against data theft, identity fraud, and order fraud poses increasing challenges for many stores and web markets. Retail SMEs, in particular, are among the most popular targets of scammers, as many assume that small web stores are not adequately protected. However, it seems that many companies are still unaware of the importance of two-factor authentication. So it resulted in approximately SECURITY STUDY 2020 from the trade association and the Federal Criminal Police Office that 44 percent of national distributors will not implement two-factor authentication by the end of the year. 30 percent of all survey participants even stated that they were completely ignorant of the guideline.
Queries and contact:
Trade association
Gerald Kuehberger Magazine, MA
Press officer
Tel.: +43 (1) 406 22 36 – 77
gerald.kuehberger@handelsverband.at
www.handelsverband.at
