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Have yourself a Merry SCA-Mas…?
E-commerce sales always explode at Christmas. This year, analysts predict the highest volumes ever for online shopping – and online fraud. Though the EU created SCA to combat online fraud,... more
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Open Banking: Consumer appetite for new banking services
Around the world, banks are opening up their customers’ financial data (with the customers’ consent) to third parties through application programming interfaces (APIs). The global trend of Open Banking allows... more
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97% of merchants are already looking to leverage PSD2
Last month, the European Banking Authority (EBA) announced an 18-month delay to the implementation of Strong Customer Authentication (SCA). However, the delay to PSD2 – which follows UK FCA’s own... more
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Western Union delivers Open Banking API for global payments
Western Union has deployed full Open Banking application programming interface (API) access to its supporting front-end domestic and international payment applications through its Western Union Business Solutions unit. This new... more
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EBA extends SCA deadline to December 2020
After a period of deliberation during which many of the Financial Conduct Authorities or European country equivalents authorised their own delays, the European Banking Authority (EBA) has elected to move... more
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