Visa warning to businesses about new EU security features

Visa is highlighting the deadline to ensure companies avoid disruption in the run-up to the crucial Christmas shopping period

73% of Irish small businesses have a desire to increase their online presence. 

Thousands of Irish businesses risk being unable to trade online successfully due to not having new security features enabled as part of the EU Payment Service Directive (PSD2). 

From January 1, online transactions in Europe will be subject to Strong Customer Authentication (SCA) measures – requiring banks to request additional information from consumers, such as a fingerprint or four-digit one-time passcode, to verify a purchase.