EBA: Publishes report on PSP readiness to apply strong customer authentication

EBA: Publishes report on PSP readiness to apply strong customer authentication

• EBA an independent EU Authority which works to ensure effective and consistent prudential regulation
• Published a Report on the data provided by PSPs on their readiness to apply SCA for the subset of payment transactions
• The Report highlights the status of issuing and acquiring PSPs in enrolling online merchants, payment cards
• Tracked the progress made by issuing and acquiring PSPs from September 2019 to April 2021
• Based on the data collected from those PSPs, observed that significant progress has been made with regard to SCA -compliance
• The regulatory technical standards (RTS) on SCA and common and secure communication (CSC) underpin