Strong Customer Authentication (SCA) – Impact Assessment – June 202122nd July 2021
CMSPI’s insights team has been analysing retailer Strong Customer Authentication data to show the potential sales at risk and overall readiness of the industry.
Our analysis of June data illustrates significant transaction failure with the estimated European failure rate on transactions at 25% compared to 26% in May 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 25% in June
- Estimated annual sales at risk of €76 billion, over 40 times the value of fraudulent transactions in the SEPA region in 2018
- The failure rate for Belgium is estimated to be at 38%, significantly higher than the European weighted average of 25%