Market welcomes FCA’s plan to gradually roll out SCA

Payments and e-commerce players could breathe a sigh of relief as the Financial Conduct Authority (FCA) agreed a plan that will give the industry additional time to implement Strong Customer Authentication (SCA) rules.

From September 14, 2019, new EU rules will apply that will affect how banks or payment service providers verify the identity of their customers and validate certain payment instructions. The SCA rules are intended to …

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