Strong Customer Authentication Sample Clauses
The Strong Customer Authentication clause requires that users verify their identity through multiple independent methods before accessing certain services or completing transactions. Typically, this involves a combination of something the user knows (like a password), something they have (such as a phone or token), or something they are (biometric data). By mandating these layered security checks, the clause aims to reduce the risk of unauthorized access and protect against fraud, thereby enhancing the overall security of sensitive transactions.
POPULAR SAMPLE Copied 1 times
Strong Customer Authentication. 7.1 What action must you take to protect against unauthorised activity?
7.2 In what circumstances should your Establishments participate in an AESK Programme?
7.3 To participate in an AESK Programme, your Establishments must:
7.4 What if your Establishments do not meet the criteria listed at Section 7.3. of this Schedule B? If you, at any time, do not meet the requirements listed in the section above, or if we receive a disproportionate number of Disputed Charges relative to your prior history or industry standards or high incidence of fraud then: • we may, at our sole discretion, modify or terminate your Establishment’s participation in the AESK Programme which could result in you being liable for fraudulent Charges; and • you must work with us to reduce the number of Disputed Charges at your Establishment.
7.5 What further criteria and requirements apply to AESK Programmes?
a. fully SafeKey authenticated for which you will receive an electronic commerce indicator “5” (ECI 5); or
b. SafeKey authentication was attempted for which you will receive an electronic indicator “6” (ECI 6); • for Application Initiated Charges, the Charge must indicate that it was fully SafeKey authenticated for which you will receive an ECI 5;
a. the appropriate SafeKey authentication data was provided in both the Authorisation request and the Charge submission; and
b. the Cardmember disputed the Charge as fraudulent.
7.6 What is the impact of the use of SafeKey on the exercise of our Chargeback rights?
7.7 Do the AESK Programmes apply to Disputed Charges involving dispute reasons other than fraud? No (e.g., it does not apply to goods or services disputes). Terms and Conditions for American Express® Card Acceptance March 2024
Strong Customer Authentication. 7.1 You acknowledge and agree that we may apply strong customer authentication (as that term is defined in the Payment Services Directive or the PSRs 2017 as applicable) where you, or any TPPs, access any of your Accounts, initiate payments or use certain electronic banking services.
Strong Customer Authentication principle and application