Revolut lets customers pre-authenticate their contactless card as they approach the SCA transaction limit

UK-based neobank Revolut has implemented a Strong Customer Authentication (SCA) system that lets customers use their mobile banking app to authenticate their contactless card as they get close to reaching the new contactless transaction limit, avoiding the risk of having their card declined when they next attempt to make an in-store purchase. “From 14 September,…

Monzo to use app notifications to address Strong Customer Authentication communications issues

UK-based neobank Monzo is to use app notifications to provide customers who have a contactless card transaction declined due to new Strong Customer Authentication (SCA) requirements with the information needed for them to successfully complete their transaction. SCA forms part of the EU’s revised Payment Services Directive II (PSD2). It officially came into force across…

Two in five wrist-worn wearables now come with NFC

While health applications continue to be the main consumer adoption driver for wrist-worn wearables, support for mobile payments “is also starting to become a mainstay,” according to new research from IDC. IDC’s definition of wrist-worn wearables includes smartwatches, basic watches and wristbands. Shipments reached 34.2m units in total during the second quarter of 2019, up…

SELFBLUE. From September 13th to 15th 2019, the sustainability festival of Lecco (Italy), on the “water houses” of AqvaGold you can pay with Selfblue

AqvaGold, which manages over 200 water houses in Lombardy (Italy), adopts SELFBLUE as mobile payment system.The rollout begins on September 13th on the occasion of the Environment and Sustainability Festival which takes place until September 15th in Lecco (Italy).To facilitate users, AqvaGold has prepared a video tutorial on the use of SELFBLUE.

SELFBLUE. Updated the user app with SCA (Strong Customer Authentication) requirements for the safe use of cards

On September 14, 2019, Strong Customer Authentication (SCA) requirements will take effect in Europe. These new requirements are part of the revised Payment Services Directive (PSD2) regulations and mandate that additional authentication measures be performed on certain electronic transactions.SCA mandates that two-factor authentication be performed on electronic payment transactions involving cards. That means that for…