Passwordless future with FIDO – first European FIDO2 solution for payments was put to practical use at PLUSCARD by Entersekt and Netcetera. Entersekt is coming to Banking 4.0.

In a Europe-first implementation in partnership with Netcetera, the FIDO authentication standard for payments was recently instituted at PLUSCARD, a full-service processor for numerous card-issuing institutions throughout Germany. The solution, developed over several months, enabled secure, unrestricted card payments on the internet without needing a mobile device for mandatory two-factor authentication. The need for app-free strong customer authentication Since 2019, Entersekt had been engaged in talks with long-standing partner PLUSCARD […]

EBA sets the deadline for the migration to SCA under the revised Payment Services Directive: 31 December 2020. EBA is coming to Banking 4.0 – international fintech conference

The European Banking Authority (EBA) published today an Opinion on the deadline for the migration to SCA under the revised Payment Services Directive (PSD2) for e-commerce card-based payment transactions. The Opinion sets the deadline to 31 December 2020 and prescribes the expected actions to be taken during the migration period. Today’s Opinion also recommends national competent authorities (NCAs) to take a consistent approach toward the SCA migration period across the EU and […]

Central Bank of Ireland to skip deadline to implement SCA for e-commerce transactions under PSD2

The Central Bank of Ireland (CBI) has followed the lead of the Bank of England and announced a delay to the roll out of Strong Customer Authentication (SCA) rules. National regulators have been given additional leeway by the European Banking Authority to extend the September deadline for the introduction of the new rules in order to give firms more time to prepare. E-commerce businesses have warned that more than a quarter of […]