Strong Customer Authentication: what it is and why it’s important for Ukrainian fintech projects to know about it?

  • Standard password / PIN / secret word;
  • Biometric confirmation (fingerprint, facial biometry, iris recognition etc.);
  • ID of the smart device through which the payment is made;
  1. Payments to 30 euros. But there are exceptions. For example, if there are a series of identical payments with a minimum threshold before the limit, anti-fraud should work.
  2. Subscriptions. Don’t worry, your Netflix, Apple Music or other services subscription won’t suffer. No one will go against a large international trust business;
  3. Merchant-initiated payments. If you added your bank card to Uber or Bolt, you won’t be required to confirm the payment twice.

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CEO of the international payment system LEO, the shareholder of IBOX Bank

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