FCA 'Remains Supportive' Of 18-Month Strong Authentication Delay

The UK’s Financial Conduct Authority (FCA) is standing by its decision to allow issuers and acquirers 18 months to meet new strong authentication rules, despite European regulators opting for a shorter timetable.

After it became apparent this summer that the European Banking Authority (EBA) would allow delayed enforcement of the requirement to apply strong customer authentication (SCA) to online card payments, the FCA was quick out of the gate to establish a new deadline of March 2021.

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