Strong Customer Authentication is a control process that verifies a card owner (whether credit, debit, or prepaid card) when he/she makes an online transaction and ensures the transaction is carried out by him/her.
This process is enforced by Directive (EU) 2015/2366 on payment services (PSD2 – L 4537/2018), which was incorporated into the Greek legislation by Law 4537/2018. According to the said Regulation, strong customer authentication identifies the cardholder based on the use of at least two of the following three elements:
Since 01.01.21 for certain e-commerce transactions, depending on the amount and other transaction features, it is not enough to enter the card data (number, expiry date, three-digit security code); users must also enter two security elements.
You have three options in carrying out online transactions with the added security of Strong Customer Authentication:
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