PSD2: SCA Implementation is Delayed in the UK, But Fraudsters Aren’t Pressing Pause

The last several years have been busy for merchants conducting business across Europe. Between the General Data Protection Regulations (GDPR) that went into effect in May 2018, and the newly revised Payment Services Directives (PSD2), European payment and data security regulations have been driving the conversation around e-commerce and the digital payment industries.

The latest news out of the UK is an update to the implementation of one of the most important pieces of legislation affecting the financial and retail sectors – the UK’s Financial Conduct Authority (FCA) has confirmed an 18-month delay to the introduction of Secure Customer Authentication (SCA) requirements.

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