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August 12, 2022
Finance Technologies

The extension of SCA: A sensible move or an unnecessary delay?

By James Devoy, executive vice president for cyber risk services, Sysnet As payment professionals, we’re all fully up to speed with the delay of the full effects of Strong Customer Authentication (SCA), drawn up under the EU’s second Payment Services Directive (PSD2). Originally meant to come into play on 14 September 2019, the European Banking Association (EBA) recently allowed the individual National Competent Authorities (NCA) to provide extensions. On the 15 October an exact length was clarified by the EBA and now the deadline will be the 31 December 2020, a 15-month extension. This extension is good news for businesses across…
The extension of SCA: A sensible move or an unnecessary delay?

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