8.4 C
Innichen
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?

Related posts

AI and correspondent banking: de-risking doesn’t need to mean goodbye

Amme Jhonson

NAB executive resigns amid extensive cloud migration

Amme Jhonson

Denver and Latin America form digital finance collaboration

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy