European Payment Institutions Federation Issues Joint Industry Statement on SCA Implementation

On August 2, 2019, the European Payment Institutions Federation (EPIF), along with the co-signatories, has published a statement to express it supports the goals of strong customer authentication (SCA) to reduce fraud and increase consumer trust in electronic payments.

The EPIF welcomes the European Banking Authority's (EBA) opinion on SCA that permits national competent authorities (NCAs) to grant some flexibility in the implementation of SCA, but notes that it is important that they are aligned on industry readiness with an agreed Europe-wide roadmap.

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