ACI Worldwide has rolled out a range of tools to enable payment firms to comply with Strong Customer Authentication (SCA) requirements.
A requirement under PSD2, SCA mandates multi-factor authentication in electronic payments to address security concerns effectively.
The rule is scheduled to be effective on 14 September 2019.
ACI launched the latest version of its Proactive Risk Manager to comply with this rule.
The solution has the ability to integrate with issuers’ access control servers and the payment gateways of payment service providers (PSPs) and acquirers to support SCA and exemptions in real time.
ACI also introduced a fraud prevention tool called ACI ReD Shield, designed to reduce risks in the authentication process.
In order to allow PSPs, acquirers, issuers, and merchants manage the regulations, ACI unveiled the Merchant Guide for PSD2 and Strong Customer Authentication.
ACI vice president of merchant solutions Benny Tadele said: “The new SCA mandate has major implications for acquirers and merchants, and with the original deadline for the new rules quickly approaching, many are scrambling to manage and stay ahead of SCA.
“To align with customer demand for fast and frictionless transacting, acquirers and issuers must be able to apply exemptions where possible. ACI’s solutions give all participants in the payments ecosystem a competitive advantage.”