This article is more than three years old

EU offers issuers extra time to implement strong customer authentication

Opinion of the European Banking Authority on the elements of strong customer authentication under PSD2 — European Banking Authority — “In order to avoid unintended negative consequences for some payment service users after 14 September 2019, CAs [national competent authorities] may decide to work with PSPs [payment service providers] and relevant stakeholders, including consumers and merchants, to provide limited additional time to allow issuers to migrate to authentication approaches that are compliant with SCA [strong customer authentication].”