PSD2: Are You Ready for Strong Customer Authentication?
The EU Payments Services Directive (PSD2) contains requirements related to Strong Customer Authentication (SCA). Financial institutions must comply with these requirements by September 2019. However, specific Payment Service Providers (PSPs) could qualify for an exceptional extension in the context of card payments for e-commerce according to a recent EBA Opinion.
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Customer Use Case
Learn how the Bank of Cyprus implemented software authentication and transaction-specific one-time passcodes (OTP) to comply with the revised Payment Services Directive (PSD2).
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