Malta’s central bank has confirmed that payment service providers in the online gambling hub will be allowed to delay compliance with EU rules on strong customer authentication (SCA) of online payments.
The island’s regulator announced on Wednesday that firms will be allowed to develop a migration plan for compliance with the regulatory technical standards (RTS) on SCA, which are designed to boost payment security and combat fraud.
The European Banking Authority (EBA) said in June that such migration plans should be agreed between firms and national regulators to avoid disruption to e-commerce when the rules technically go into effect on September 14.
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