Hungary To Delay SCA Enforcement For 12 Months

Hungary’s central bank has announced it will allow a 12-month transition period before enforcing new strong customer authentication rules for online card payments, due to take legal effect at the end of this week.

It is understood that Magyar Nemzeti Bank (MNB), which is responsible for supervising the country’s payment sector, had been awaiting further clarity from the European Banking Authority (EBA) over the prospect of a delay.

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial