eba sca deadline

(The FCA has recently published a Policy Statement 19/26 which confirms that it will make its own UK RTS for SCA and common and secure open standards of communication in the event that the UK leaves the EU without a ratified withdrawal agreement). communication protocol should enable the application of the full range of SCA exemptions specified in the RTS and the out-of-scope of SCA transactions, such as payee initiated transactions). Although the SCA requirements for e-commerce card-based payment transactions officially came into force on 14 September 2019, few European banks or PSPs have started enforcing these requirements and declining non-authenticated payments. //alert(email); the travel and hospitality industries; for smaller, less sophisticated retailers; and for those that are working to tailor solutions to vulnerable customers e.g. However, rather than pursuing immediate enforcement actions against PSPs that fail to comply with the SCA requirements, NCAs are urged instead to focus on monitoring migration plans. This field is for validation purposes and should be left unchanged. It doesn't track any personal data and is set only upon user action (accept/reject). This is a geolocation cookie to understand where the users sharing the information are located. The European Banking Authority (EBA) has extended the deadline for Strong Customer Authentication (SCA) to December 31 2020. It is used to distinguish users. Clients in certain sectors, like the travel and hospitality sector, may continue to lobby for additional time in order to implement the SCA requirements within their more complex payment flows or booking models. Giving both issuers and acquirers clear milestones ahead of the new deadline provides a natural glide path that will be vital for a smooth and consistent migration across Europe. if( msg.text() !== '' ){ These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. url: "/wp-admin/admin-ajax.php", © Copyright 2020 Verdict, a trading division of Progressive Digital Media Ltd. EBA sets new 2020 deadline for Strong Customer Authentication, October 17, 2019 (Last Updated October 18th, 2019 10:48), WorldRemit, Digicel team up to support mobile money transfers, Shopping app Joom receives e-money licence in Luxembourg, InComm Payments buys gift card processor Todo Cartoes, Black Friday online sales expected to skyrocket as customers stay in, Interbrand ranking 2020: financial institutions take a hit, Speed with control: Path to success for digital payment participants, Indian fintech Cashfree rakes in $35m to scale payment offerings, Saudi Arabia’s stc pay in talks with regulators for Gulf expansion, Indian paytech FSS commits to supporting Saudi Arabia’s digital payments ecosystem, NPCI onboards 131 partners to boost India’s retail payments ecosystem, NPCI sets 30% cap on transaction volumes for UPI apps, IBA, PCI in discussions to form non-profit JV for digital payments regulation, Paynetics taps Visa Token Service to offer competitive business solutions, ACI Worldwide launches cloud-based tool to tackle UPI payments fraud, ECOMMPAY launches payment solution for mobility industry, Samsung Pay research shows Covid-19 as driver of digital payments in UK, Iran Cards and Payments Report is now on Research and Markets’ menu, Express joins Klarna’s US retail partner network, Payments startup Marqeta prepares to go public; seeks $10bn valuation, Stripe in talks to raise fresh funds at valuation over $70bn. These cookies do not store any personal information.

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