One of the key aims of PSD2 is tackling fraud — particularly fraud related to remote payments; for example, those made online. Card-not-present fraud has plagued the industry since the introduction of chip and PIN caused fraudsters to switch their attention from in-store to the growing online channel. The inability to prevent much of this fraud has motivated the European Commission to try to tackle it with PSD2, the revised Payment Services Directive. Their weapon of choice is Strong Customer Authentication.
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