A simple solution for PSD2 compliance
We provide a simple, yet patented, solution to SCA helping you reduce the risk of identity and payment fraud and stay compliant with the PSD2.
On September 2019, a new regulation for authentication will be introduced under the new Payment Services Directive (PSD2) that will apply to online payments within the European Economic Area (EEA).
Known as Strong Customer Authentication (SCA), merchants are required to use two independent authentication elements to verify the payments they receive.
A simple solution for PSD2 compliance
We provide a simple, yet patented, solution to SCA helping you reduce the risk of identity and payment fraud and stay compliant with the PSD2.
On September 2019, a new regulation for authentication will be introduced under the new Payment Services Directive (PSD2) that will apply to online payments within the European Economic Area (EEA).
Known as Strong Customer Authentication (SCA), merchants are required to use two independent authentication elements to verify the payments they receive.
Customer makes a payment using their card and the payment is processed through iSXPay
Customer accesses their online banking and retrieves the dynamic ‘secret’ created from our PIV method
3D Secure is triggered and customer needs to retrieve OTP sent to their mobile number
Strong Customer Authentication completed
MPI is a module designed to facilitate 3D Secure verifications, and which can support every scheme available and applicable for 3DS (Visa, MasterCard, JCB, AMEX, Diners Club).
3DS might fail when a card is not enrolled for it, either because the particular issuing bank is not supporting it, or if the card is coming outside the EU where 3DS adoption is low.
iSignthis®, ISXPay®, Probanx®, Flykk® & Paydentity™ are registered trademarks of iSignthis Ltd.
iSignthis Ltd ABN 93 075 419 715 operating subsidiaries include iSignthis eMoney Ltd HE348009 (CY) , Authenticate BV KvK 62744968 (NL), Authenticate Pty Ltd ABN 49 600 573 233 (AU), Probanx Solutions Ltd (CY) & UAB Probanx Solutions (LT). iSignthis eMoney Ltd, trading as Flykk and ISXPay, is authorised by the Central Bank of Cyprus # 115.1.3.17 as an E.E.A Monetary Financial Institution. ℗ Patent applications pending/granted in Africa, Australia, Asia, The Americas, Europe and Oceania. WIPO Patent Application Nos: WO2011/120098, WO2016/094954, WO2016/101027, WO2016/187662, WO2018/090099, WO2018/170548