PSD2 RULING NOW REPORTED

August 14th
The UK’s Financial Conduct Authority (FCA) has confirmed an 18-month delay to the introduction of Secure Customer Authentication (SCA) rules – one of the most important legislations affecting the financial and retail sectors – in a bid to give firms more time to prepare.
As part of the Second European Payment Services Directive (PSD2), the SCA requirement stipulates stronger payment security standards for higher value transactions based on multi factor authentication, increasing the security of electronic payments.