SCA Report – Latest October Updates

02nd December 2020
Alex Ellwood

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 first report – released in September – used testing data for the month of August to estimate €108bn of sales at risk. These sales were at risk of transactions failing, technical errors occurring, and ultimately good customers being forced to cancel their purchases. September testing data showed an improvement, with the sales at risk estimate falling to €92bn but has worryingly worsened slightly with October testing data suggesting a sales at risk estimate of €96bn across Europe.

The evolution in the sales at risk value differs by country, with some countries showing an improvement in failure rates and a reduction in the sales at risk value. Our updated report breaks the sales at risk figure down by country, providing information on the impact on both small and large retailers as well as the evolution of metrics such as 3DS issuer readiness and failure rates.

Countries Included

Want to learn more about the Spanish market? Click here to see how SCA is impacting the retailers in Spain.

You Might Also Be Interested In These...

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 >
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 >
The Importance of Data in Payments, An Interview With CMSPI’s Data Manager

We caught up with CMSPI’s Data Manager, Jordan Pierce, to talk about why data in payments is more important than ever.

Read More >
Retailer Challenges in Implementing an MIT Strategy – CMSPI Insights

With several use cases for MITs, it is likely that most merchants will encounter these transactions in some way.

Read More >
Want to learn more about how SCA will impact you?