Forrester Consulting: E-Commerce Fraud Prevention: What Is The Post-PSD2 State Of Play?
Insights On How Merchants Are Seeking To Optimize Their PSD2 Payment Flows To Overcome Obstacles And Gain A Competitive Advantage
By Forrester ConsultingAugust 2022
Submit the form to continue reading
Inside this study
Riskified commissioned Forrester Consulting to conduct a custom Opportunity Snapshot study to gather insights from payment strategy decision-makers around post Payment Services Directive (PSD2) change within the world of payments.
Forrester Consulting surveyed 207 decision-makers from e-commerce organizations across the EU and the UK to assess the effects of PSD2 on their businesses, examine where it does not live up to their expectations, and how, if properly managed, it can help enable smooth and secure payments.
PSD2 Adoption Challenges
45% of decision-makers reported that their organisations were complying with the baseline requirements of PSD2 or still resolving technical issues to be fully compliant.
The Impact of PSD2 on Fraud Levels
More than a third of respondents state that alongside high friction and cart abandonment levels, they are receiving more chargebacks on 3DS authenticated transactions, negatively affecting their organisations’ overall fraud rates.
Transparency to Optimize Performance
Respondents surveyed desire more data about payment processing fees, regular updates on market performance, and reviews of available solutions to help optimise PSD2 performance and deliver competitive edge.
Hear how Axerve and KIKO Milano maximized TRA exemptions to boost approval rates
Europe is quickly rolling out SCA enforcement and fraudsters are quick to respond. This report examines how the new EU regulation impacts fraud and fraud prevention and shares insights from a deep dive into the dark web
The new European payment regulation is now fully enforced following the United Kingdom’s March 14 deadline. We talked with Alessandro Bocca, CEO of Axerve, about the long and often arduous PSD2 journey. Axerve is a leading Italy-based payment hub. Its platform processes more than 4 million requests every month and orchestrates payments worldwide.