Read and learn about security with your data, transactions and more with the following articles and posts by Ekata, a Mastercard company.
Surviving and Thriving the Digital Economy: Panel Wrap-Up - Mastercard Cyber Security Summit
September was a solid month for cyber security. Mere weeks after hosting the inaugural Mastercard Cyber and Security Summit in both Melbourne and Sydney, one of the largest cyber attacks in Australia’s history took place. As talks of reforms are being had in the wake of such a ransomware attack, one thing is clear. Consumer […]
PSD2 Rollout Update: A game of whack-a-mole or a strategic play?
Ekata team shares research and perspectives from acquirers, issuers, merchants Throughout 2020, Ekata conducted surveys across the payments ecosystem to investigate the readiness of players to meet the new requirements of the Payment Services Directive (PSD2). PSD2 is a European regulation that was put into effect in September, 2019 and mandates Strong Customer Authentication (SCA), […]
PSD2 Q&A with Peter Bayley
In December of 2020, we spoke to Peter Bayley, former Global Head of Ecosystem Risk Oversight and Strategy for Visa and current senior associate at Allyiz (former STRATgranat) about his insights on PSD2. We want to share some of the Q&A here: Let’s start with an easy question: Is PSD2 a good thing? The […]
Data Privacy Day 2021: Purpose-Driven Data
January 28th marks international Data Privacy Day: a day dedicated to raising awareness around the issues of Privacy and Data Protection. At Ekata, data protection is central to our business. Being good stewards of the data we are entrusted with underpins all aspects of our product life cycle, from design to implementation. Codified in one […]
Online Payments Ecosystem and the Challenges It Faces
When Amazon announced the creation of Amazon Prime in 2005, it was the turning point in a new era of consumer expectations and the online payments ecosystem. Customers could get nearly anything they wanted with one click, within two days. Online commerce companies around the world joined the arms race to provide the most seamless […]
The Evolving Payments Ecosystem's Conflicting Pressures
From the customers who make the transactions to the merchants, payment service providers, and card issuers who facilitate those transactions, the payments ecosystem is made up of a number of distinct players with individual needs. This has always been the case. But as the payments ecosystem evolves through the addition of new technologies, more sophisticated […]
What is Strong Customer Authentication (SCA) and What is its Effect on Transactions?
What are Strong Customer Authentication (SCA) Requirements? PSD2 regulations affect eCommerce businesses that are operating in the European Economic Area (EEA). One of the major requirements when PSD2 went into effect was for merchants to build more stringent Strong Customer Authentication (SCA) protocols into checkout flows for online transactions originating in Europe. SCA requires authentication […]
Pre-authorization Decisioning in the Blink of an Eye
It’s no secret that PSD2 is going to effected merchants when it went into effect. Ekata spent a lot of time thinking about how to help customers meet requirements while still providing a fantastic experience for their customers. One of the big aspects merchants have to think about is at what point in their transaction […]
GDPR and PSD2: The Balancing Act of Data Sharing and Privacy
GDPR and PSD2: The Balancing Act of Data Sharing and Privacy Fresh from last year’s scramble to understand and meet GDPR requirements, companies are starting to turn their attention to the EU’s new Payment Services Directive (PSD2) and its September 2019 compliance deadline. There’s a lot of overlap between GDPR and PSD2, but at first […]