The first of these is a 31 December 2019 deadline for PSPs to inform their national regulators of the authentication methods they are making available to customers and which comply under SCA. Further in the opinion paper, the EBA outlines that NCAs and PSPs are to be expected to meet a set of milestones. “These actions should also allow NCAs to ensure that PSPs follow their migration plans and to keep track of the progress made,” writes the EBA. This risk is very real, and the UK Financial Conduct Authority has recognised this and extended the deadline to September 2021.The COVID crisis has diverted management attention away from resolving these problems and presents real challenges to our sector and travel & hospitality, the two ecosystems identified by the Commission as worst hit by the crisis. September ist auf der Insel obsolet. To move towards 100% without any glitches in the next six months is quite a challenge.Many merchants have been actively testing the systems needed to allow for SCA and are still encountering a large number of problems resulting in very high abandonment rates of e-commerce transactions where these should have gone through without difficulty.At a time when our sector and others such as hospitality and travel have been badly hit by the economic consequences of the crisis, and many organisations facing bankruptcy, this decision goes in the opposite direction to the Commission’s very welcome efforts to encourage consumption and aid the EU’s recovery.”No comments found for this postRetailers remain committed to delivering the right solutions for the EU economy and share the priority of all players of tackling fraudulent transactions.Copyright © 2020 PaymentsCM LLPThanks! EBA extends SCA deadline to 31 December 2020. Today's Opinion also recommends national competent authorities (NCAs) to take a consistent approach toward the SCA migration period across the EU and to require their respective payment service providers (PSPs) to carry out the actions set out in the Opinion.When publishing the Opinion in June, the EBA announced that, in order to fulfil the objectives of PSD2 and the EBA of achieving consistency across the EU, it would communicate later in 2019 the deadlines for the completion of the SCA migration plans, which today's Opinion provides.In addition, the Opinion recommends that, where required, NCAs communicate to PSPs in their jurisdiction that the supervisory flexibility they have exercised does not represent a delay in the application date of the SCA requirements in PSD2 and the EBA's Technical Standards. If any of them is still pushing through with its mandate, I can't help believe it's only to save face. Acquirers, payment gateways and 3DS vendors will be playing the pivotal role in making this happen.Updating systems to support PSD2 SCA is unlikely now to be a high priority for many retailers.For Finextra's free daily newsletter, breaking news and flashes and weekly job board.America's FFIEC announced 2FA guidelines for online payments in 2005, reissued them in 2012. Die Rede ist von der Einführung der starken Kundenauthentifizierung (Strong Customer Authentication, SCA). This new deadline is set to 31 December 2020. The European Banking Authority (EBA) published today an Opinion on the deadline for the migration to SCA under the revised Payment Services Directive (PSD2) for e-commerce card-based payment transactions. It also recommends that they take a “consistent approach” toward the SCA migration period across the EU and ensure that payment service providers (PSPs) carry out the necessary actions. The EBA stated that it now expects the 2020 migration deadline to provide enough time for national competent authorities (NCAs) to make the expected arrangements. “We appreciate that the Commission and the EBA had already extended the initial deadline.
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