UK Tells Firms To Put Brakes On Contactless SCA

The UK’s Financial Conduct Authority (FCA) has urged issuers and acquirers to avoid changing how contactless transactions are handled for a limited period, despite new strong authentication rules taking effect over the weekend.

The authority circulated a statement to various industry stakeholders on Monday, via banking and payments association UK Finance. It was penned by FCA director of supervision for retail financial services and authorisation Jonathan Davidson.

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