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].”


EBA issues opinion on strong customer authentication requirements under PSD2

Opinion of the European Banking Authority on the implementation of the RTS on SCA and CSC — European Banking Authority — “The regulatory technical standards (RTS) on strong customer authentication (SCA) and common and secure communication (CSC) underpin the new security requirements under PSD2… The EBA has decided to issue an opinion in order to respond to a number of the numerous queries the EBA and competent authorities have received from market participants and aims to provide clarity on the implementation of certain aspects of the RTS that were published.”





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