Industry Optimistic PSD2 Security Standards Will Be Relaxed

There is growing optimism among EU payments experts that the European Banking Authority (EBA) will heed industry concerns over draft security rules and pave the way for a risk-based approach to authentication.

The EBA is soon expected to publish its final regulatory technical standards on strong customer authentication, potentially as early as next week.

Once approved by the European Commission, the standards will accompany the revised Payment Services Directive (PSD2) and become law across the EU.

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