European banks call for rethink on incorporating payments into EU digital identity wallet proposals

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The European Credit Sector Associations (ECSAs) are calling on the European Union to re-examine clauses in legislation on the proposed European Digital Identity Wallet that appear to imply that “widely used cards and payment specifications” will have to accept the wallet for strong customer authentication (SCA) for payments “on a mandatory basis”... More












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Antelop explains how it works as a trusted partner to banks looking to adopt the latest digital card technologies

MEET THE INNOVATORS: Antelop Solutions acts as a trusted partner to card issuers seeking to quickly and easily provide their customers with leading-edge mobile and digital card solutions, CEO Nicolas Bruley and chief commercial officer Timothée Grüner explain in a video interview with NFCW editor Sarah Clark... More






What's New in Payments

UK extends strong customer authentication deadline

Strong customer authentication and coronavirus — Financial Conduct Authority — “In the exceptional circumstances of the Covid crisis, we are giving the industry an additional six months to implement strong customer authentication (SCA) for e-commerce. This will minimise potential disruption to consumers and merchants. The new timeline of 14 September 2021 replaces the 14 March 2021 date.”


What's New in Payments

European payments industry calls for extra six months to implement strong customer authentication

Joint industry letter on SCA delay due to Covid-19 — European Payment Institutions Federation — “It is now clear that the Covid-19 crisis has significantly reduced the capacity available to progress SCA development and implementation… The signatories therefore call on the European Commission and the EBA to consider appropriate additional measures and coordination to assist in the smooth transition to SCA in all EU Member States equally. In the light of Covid-19, this should also include the possibility of an at least additional six months for the market to be fully SCA ready.”