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FCA gives payments and e-commerce industry extra time to implement Strong Customer Authentication

Published on 13 August 2019

Jeremy Drew, Co-Head of Retail at RPC, the City headquartered law firm comments: “Retailers are going to be delighted that the FCA is taking a pragmatic approach to enforcement of SCA.”

“There has been real concern that some of the security solutions being offered to retailers were going to be so jarring to consumers that they would abandon purchases at the online checkout stage.”
“This gives more time for proper tests to be done on the technology to make sure it’s both secure and customer friendly.”
“The sector has so much on its plate already with no-deal Brexit planning and the slump in consumer confidence that putting off SCA is a no brainer.”