Businesses Worried Over EBA PSD2 Standards | PYMNTS.com
Businesses and banks are concerned over new proposed standards from the European Banking Authority (EBA) that would require “strong customer authentication” for all electronic payments over €10 (around $10.50). These new rules, issued in response to requirements in the Payment Services Directive, would make online transactions safer for the consumer but slow down the process and possibly lead to fewer online sales.
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