The Financial Conduct Authority (FCA) has given UK businesses an extra 6 months to reach compliance with the new Strong Customer Authentication (SCA) rules for payment processing.
What Are The SCA Rules?
The SCA rules, introduced in 2019, are intended to the improve security of payments and limit fraud by making sure that whoever requests access to a person’s account or tries to make a payment, is the account holder or someone to whom the account holder has given consent.
These new rul...
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