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This is an opportunity. Take advantage of it.

Raili Liiva

07 Nov 2017 -

5 min read

Raili Liiva

07 Nov 2017

-

2 min read

In today’s world, it feels like the technology changes faster than we can keep up. As technology becomes even more ingrained in our lives, it’s obvious, that for our own good, regulations need to evolve as well. And it’s extremely important that business owners and leaders understand new regulations to adapt in the best way possible.

It does not have to be a big headache, because it’s more of an opportunity.

If managed appropriately, then the new regulations in force next year will lead to more loyalty and stronger customer relationships, rather than issues to the business. In other words, the General Data Protection Rule and the second Payment Services Directive (PSD2) are good for business.                                          

Core considerations are privacy, fraud prevention, and security

In light of PSD2, Strong Customer Authentication (SCA) will be required on all remote access to customer accounts. Even though GDPR does not directly mention SCA per se, a careful review of the law leaves no doubt that if static passwords are left in place, and a breach occurs, organizations are faced with financial penalties of up to 2% of global annual turnover under the new rule.

While no one likes the idea of potential penalties, this is an opportunity to improve your company and help your customers be more secure online. Join us for a free webinar dedicated to understanding elements of the PSD2 and GDPR regulations. Let’s discuss the major changes to data protection rules, as well as the impact on payment service providers and their partners.

In particular, we'll discuss:

If you are an organization operating in Europe or doing business with European citizens, you likely fall be into one of these categories regarding these regulations:

No matter where you are right now, this webinar will help you better understand what’s coming and how to make next steps.

Sign-up here: https://bit.do/GDPR-PSD2-webinar

The second Payment Services Directive (PSD2) impact: Read the full report.


Raili Liiva

Sales Researcher

Raili leads Messente's 2-factor authentication solution and takes care of our SMS API clients. She is passionate about online security and is helping businesses protect their user accounts against hijackings.  




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