The French central bank has confirmed it will grant payment providers more time to comply with incoming strong authentication rules, recognising widespread concerns about the technological work still needed to be done.
For most online card payments, issuers will be given an additional 15 months beyond September’s deadline to phase out single-use SMS codes as a means of authentication.
In more complex cases, which make up a small minority of such transactions, the Banque de France has given a final deadline of June 2022.
A central bank press release issued on Tuesday said the “ambitious migration plan … has been endorsed by all stakeholders involved”, including banks, merchants, card schemes and consumer associations.
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