Strong Customer Authentication – Impact Assessment: May 2021

24th June 2021
Contributor:
Mohammed Patel
Mohammed Patel

CMSPI’s insights team has been analysing retailer Strong Customer Authentication testing data to show the potential sales at risk and overall readiness of the industry.

Our analysis of May data illustrates significant transaction failure with the estimated European failure rate on transactions at 26% compared to 30% in April 2021. Although the improvement will be welcomed by merchants, the estimated failure rate is still considerably higher than what the industry is aiming for.

Key findings in this update include:

  • Estimated average failure rate in Europe at 26% in May
  • Estimated annual sales at risk of €80 billion
  • The failure rate for Germany is estimated to be at 39%, significantly higher than the European weighted average of 26%

You Might Also Be Interested In These...

Resources
08.18.2021
Strong Customer Authentication (SCA) – Impact Assessment – July 2021

Our analysis of July data yields an estimated European failure rate on transactions of 24% compared to 25% in June 2021.

Read More >
Blogs
08.04.2021
PSD2: The European Payments Revolution? Part 4b: Open Banking Adoption

This blog post, our sixth post in our PSD2 series, continues our discussion of Open Banking with a focus on analysing adoption by consumers and merchants.

Read More >
Blogs
07.22.2021
PSD2: The European Payments Revolution? Part 4a: Introduction To Open Banking

This blog post, our sixth post as part of the PSD2 series, continues our review of PSD2 with a discussion of Open Banking.

Read More >
Resources
07.22.2021
Strong Customer Authentication (SCA) – Impact Assessment – June 2021

June data illustrates significant transaction failure with the estimated European failure rate on transactions at 25% compared to 26% in May 2021.

Read More >
Read the Latest Report (May Edition)