More Than Half Of EU Member States Agree To SCA Delay

Authorities in Luxembourg, Spain and Portugal have confirmed they plan to delay enforcement of incoming strong customer authentication (SCA) reforms, meaning more than half of EU member states have now agreed to offer the industry flexibility.

The new rules take legal effect on September 14; however, due to widespread concerns over industry readiness the European Banking Authority (EBA) agreed in June to let national regulators apply a time-limited transition period.

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