What is the impact of PSD2 European regulations on your customer experience?
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PSD2 regulations & compliance
The European Payment Services Directive (PSD) aims to regulate payments within the common market. Its second version (PSD2) was implemented in September 2019 in all Member States. The purpose of this revised directive is to facilitate the use of online electronic payment services by making them cheaper and more secure.
The changes introduced by these new regulations are likely to have a profound impact on e-commerce in Europe, or for any company running business transactions with European countries. According to a Cybersource survey conducted in February 2019, almost half of the merchants surveyed (46%) believe they are not prepared enough for Strong Customer Authentication (SCA).
Nexway has defined three pillars to integrate compliance and improve customer experience:
• Equip yourself with a dynamic and intelligent solution.
• Fight fraud effectively to migrate to the right 3DS protocol.
• Implement an exemptions mangement strategy and reduce friction.
Why choose Nexway Monetize?
Payments processing in local currencies with the most adapted payment methods in 140 countries.
Easy-to-maintain, fast to evolve, and highly scalable system, enabling agile e-commerce and simple integration.
Local law compliance, tax collection, and remittance, fraud, and chargeback mitigation management.
Subscription features, increasing revenue, and improving subscriber usage, loyalty, and lifetime value.
Ecosystem for selling licenses and subscriptions to B2B channels, simplifying your resellers interactions.
Customer support for all issues related to payment, subscription, and access to the product.
Insights, reporting tools, KPIs, and metrics to help your business reach the next level.
An expert Team, helping you customize, implement, manage, care and optimize your online business.
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Nexway’s PSD2 brochure
How will PSD2 impact your customer experience and online sales growth?
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