PSD2 has created a lot of chaos in the billing world. Some banks weren’t ready, some businesses weren’t prepared, and some countries even pushed the deadline.
We’re happy to report that our team was able to meet the September 14th deadline and already have a number of customers that are using the updated 3DS workflows to be PSD2 compliant.
Over the past few days, we’ve increased our 24/7 on-call team to address any customer needs that pop-up and will continue this throughout the week until we ensure that any merchant needing compliance is compliant.
A big shout out to our support and development teams who have been working around the clock to help our merchants make the transition!
The second Payment Services Directive (PSD2) takes effect on September 14, 2019. To help your business better prepare, we've put together a blog post that answers the most common PSD2, SCA, and 3DS questions.
Questions such as: What is it, who is impacted, how does it work, and what is Chargify doing to ensure compliance in a post-PSD2 world?
Revenue recognition reporting has moved from a nice-to-have to a necessity with the new ASC 606/IFRS 15 accounting standards that will be in full effect next year.
We’re excited to announce that we’ve acquired ProRata to deliver cutting-edge revenue recognition automation without the burden of complicated, labor-intensive reporting.