Financial Software and Systems, or FSS, said its FSS Secure3D is compliant with European Union Payment Service Directive2, Strong Customer Authentication (PSD2 SCA) guidelines for initiating and processing electronic payments that would come into effect in December 2020. The support for PSD2 SCA guidelines reduces risk exposure, minimizes losses, and provides safer, secure commerce experiences to consumers in an open banking world. An intelligent risk-based authentication solution, FSS Secure3D optimally balances need for fraud reduction with delivery of seamless payment journeys across web, mobile and in-app channels. FSS Secure3D supports compliant and user-friendly SCA with the addition of capabilities like Smart-Authenticator that supports multiple authentication modes (biometrics, dynamic knowledge based question, one time pass code and more) for verifying customers along SCA-specified attributes, Smart-Policy Manager, which enables issuers implement frictionless flows for permissible SCA exemptions including low-value payments, and Smart-Protect, which analyzes merchant fraud score as specified by SCA guidelines in combination with embedded machine learning-based models for profiling customer transaction activity to determine SCA applicability for a particular transaction.
