Final payment authentication standards face delay amidst industry criticism of proposals

Final payment authentication standards face delay amidst industry criticism of proposals

The European Banking Authority (EBA) is unlikely to meet its deadline for finalising new regulatory technical standards (RTS) on strong customer authentication under new EU payment services laws (PSD2), the chair of the regulator has said. In a statement delivered before the European Parliament’s Committee on Economic and Monetary Affairs (ECON) earlier this week, Andrea Enria said the EBA is likely to publish the final standards “a month or so later than the deadline of 13 January 2017 stipulated in the PSD2”.

Sourced through Scoop.it from: www.out-law.com

Leave a Comment