Extending PSD2 Standards Deadline: Pipe Dream Or Sure Thing?

Rumours are swirling that European authorities may be persuaded to extend September’s deadline for demanding and controversial new security rules. However, firms hopeful the reforms will be phased in gradually have been advised to approach the issue carefully.

Regulatory technical standards (RTS) on strong authentication — the final piece of the revised Payment Services Directive, or PSD2 — are due to take effect across all member states on September 14 this year.

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