From the September 14 start to apply the RTS (technical norms of regulation) associated to the directive PSD2. This measure is an update to the PSD. One of its main goals is to enhance the security of online payments in the European Economic Area.
These protection measures, with the SCA (or dual authentication) leading the way, will affect both traditional financial institutions and TPPs (or third-party providers), whose status in the online payment environment is enhanced. Why? The new regulation requires banks to establish secure access channels to their customers' information (with the consent of the latter), which will require the banks to enhance their security.
Although the directive start to apply in September, for the complexity and the impact that has for the consumers and the shops, is elaborating a plan that owe be validated with the national authority for determine when leaves to comply with the requirements of the reinforced authentication (SCA) in e-commerce .