EBA sees sense and extends SCA deadline to December 2020

After a period of deliberation during which many of the Financial Conduct Authorities or European country equivalents authorised their own delays, the European Banking Authority (EBA) has elected to move the deadline for the migration to Strong Customer Authentication (SCA) under the revised Payment Services Directive 2 (PSD2) by 15 months, to 31 December 2020.
The original deadline was the already-passed 14 September 2019, but the EBA acknowledged in June that it would have to provide an extension due to challenges arising from a complex payments market. Read more…