EU SCA Deadline

The European Banking Authority (EBA) has released an opinion stating that the revised deadline for migration to SCA has been set at 31 December 2020, a 15-month extension from the original implementation date of 14 September 2019.

The focus of the EBA opinion is on ensuring a harmonized, phased approach to implementation, with a clear timeline of actions required by payment service providers (PSPs) to ensure full compliance throughout the payments ecosystem well in advance of the deadline.

It is now vital that merchants maintain their focus on integrating 3D Secure to their purchase flows, making the best use of the additional time to pilot, test and introduce SCA incrementally.