Retailer Challenges in Implementing an MIT Strategy – CMSPI Insights

04th February 2021
Contributor:
Mohammed Patel
Mohammed Patel

Strong Customer Authentication (SCA) is one of the key mandates of the second Payment Services Directive (PSD2) with the goal of making online payments more secure. The enforcement deadline set by the European Banking Authority has passed and the first round of ramp-up deadlines set by various regulators has also passed. However, regulators must not lose sight of issues faced by the payments industry in complying with SCA.

Merchant Initiated Transaction Challenges

One particular area of SCA where merchants are facing a number of challenges is in relation to Merchant Initiated Transactions. With several use cases for MITs, it is likely that most merchants will encounter these transactions in some way. This report highlights some of the challenges faced by merchants utilising MITs.

Report Contents:

  • Introduction to Merchant Initiated Transactions
  • MIT use cases
  • Challenges faced by merchants in implementing MITs
  • MIT case studies

You Might Also Be Interested In These...

Resources
03.26.2021
Strong Customer Authentication (SCA) – Impact Assessment – February 2021

Our analysis of February data illustrates significant transaction failure with the estimated European failure rate on transactions at 31% compared to 33% in January 2021.

Read More >
Resources
02.25.2021
Mastercard’s Brexit Fees Natwest Deal Update – CMSPI Insights Report

NatWest Group, which includes some of the UK’s largest issuing banks, have announced that they will be switching their debit cards from Visa to Mastercard.

Read More >
Resources
02.23.2021
Strong Customer Authentication (SCA) – Impact Assessment – January 2021

Our reporting started back in August – analysis suggested that the average failure rate was 35% across Europe, fast forward to January, we’re seeing 33%.

Read More >
Resources
01.28.2021
Strong Customer Authentication Readiness: Germany In-Focus

This short report provides some insight into SCA in Germany as well as the evolution of 3DS testing data.

Read More >
Read the Full CMSPI Insight Report