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Wednesday, 6 May 2020

FCA Delays SCA... Again

The UK's Financial Conduct Authority has again delayed its deadline for enforcing the implementation of 'strong customer authentication' in e-commerce transactions, until 14 September 2021. 

The FCA had already turned a blind eye to the threshold for applying SCA to contactless card transactions, in light of the role that contactless cards play in social distancing.

The FCA still expects firms to follow the industry implementation plan agreed with UK Finance, though that can now be extended to the new deadline.

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