FCA Agrees 18-Month Strong Authentication Delay

The UK’s Financial Conduct Authority (FCA) has formally agreed to grant payment providers an additional 18 months to comply with new strong authentication rules.

The regulator issued a brief statement at lunchtime today confirming it has “agreed a plan that gives the payments and e-commerce industry extra time” to meet regulatory technical standards on strong customer authentication (SCA) that take legal effect on September 14.

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