Online & Digital
Retailers risk losing over £100m ahead of SCA regulation
A new in-depth study by Barclaycard Payments exploring readiness for SCA showed that 100% of transactions fall into scope for the new regulation, meaning ‘merchants who remain non compliant could see a significant fall in revenue’
Barclaycard Payments has revealed that merchants risked losing out on £102m worth of sales in February, as two-factor authentication checks ramped up for online purchases ahead of Strong Customer Authentication (SCA) regulation becoming mandatory on 14 March.
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