European Commission Finalizes PSD2 Authentication Rules For Corporate Cards


Individual pay cards, which have been treated as consumer cards since the EU Interchange Fee Regulation took effect in 2015, are effectively excluded from the exemption. "Lodge cards, virtual cards and corporate cards with corporate pay are fine, but SCA still is required for plastic cards [that] don't fall under the exemption," said Diemer. Some corporate travelers have either individual pay corporate cards or even personal cards within the profiles TMCs use to make bookings on their behalf. In such cases, said Diemer, SCA will be required in order to complete payment. The same goes for leisure bookings. Conferma director of strategic relationships Paul Raymond agreed with Diemer. "We need to prepare for SCA anyway, so we are looking to see if there is a secure, easy way to do this," he said.

http://www.businesstravelnews....

https://www.pymnts.com/news/b2...