ARE YOU READY? - New Security measures for online credit card payments (PDS2)

Did you know that from the 13th September 2019 there are new regulations coming into place with an extra layer of security for online purchases.

​Officially: PDS2 (Payment Services Directive 2).

This new regulation covers ALL card payments made online, both personal and company credit cards. 

So what does this mean? It means that every time you make a booking with online payment, your bank will ask you to authenticate it using a code from the bank to verify that you are the person who is authorising that payment.

The Good News:
This is good news as it make sure to limit fraud online! so you know that all your payments will be safe.

What might it effect for you and something to be aware of:
If your card is used to make your travel bookings online and it is not always you making the booking then every time you will receive a text with the authentication code to input into the screen to verify the payment.
This may not seem too bad, however if you have someone else making the booking and you are on a flight or in a meeting where you can not check your messages then the booking can not be made until you give the person assisting you the code.
This will delay the booking and potentially the price or availability may change by the time you are able to give the code so it could be an issue.

For your Travel bookings - what is the solution?
As a travel management company we can make the bookings immediately for you without the need for the credit card.
So no worrying about if the cardholder is available to give the code or not.
We would then simply invoice for the bookings as per our agreement with your company.
Making it very simple.

Get in touch with us to set up and account and away you go!

The Travel Company Edinburgh
[email protected]
0044 (0)131 467 7000
www.ttce.com