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what actually is strong customer authentication this is a new piece of regulation which aims to protect consumers from rising payment fraud rates if you use a European bank or FinTech banking service provider youamp;#39;ve probably received an influx of emails and notifications recently from them informing you of changes to their authentication processes this is the result of the new strong customer authentication or SCA requirements SCA is part of the e u--amp;#39;s PST t regulation and have been written into law by all EU countries this law says that two independent authentication elements must be used to verify certain types of payments including those made online and with contactless cuts so what is an authentication element well in order to successfully process a payment under the new rules businesses must ask customers for any two of the following a knowledge element which is something only the user knows for example a password a possession element which is something only the u