EBA Eases Strong Customer Authentication Requirements under PSD2

On Thursday 23 February, the European Banking Authority (EBA) published its long-awaited final draft Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and Common and Secure Communication (CSC) under the revised Payment Services Directive (PSD2). In general the EBA has relaxed its requirements compared to the RTS in the EBA’s Consultation Paper from August 2016. Here are the most important changes: Transaction risk analysis. The final draft RTS introduces… Read more