EBA Overruled Commission On Strong Authentication Delay

The EU’s top banking regulator brushed aside protests from the European Commission when it opted for a 15-month delay to enforcing new rules on strong customer authentication (SCA), new records show.

The rules, which are part of the EU’s revised Payment Services Directive (PSD2), took legal force on September 14, but last month the European Banking Authority (EBA) settled a tussle between member states over the length of the enforcement hiatus by mandating a new deadline of December 31, 2020.

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.