News

The European Hospitality Sector calls on delay enforcement of SCA

Thursday 5 September 2019 10:49 CET | News

The European Hospitality Sector (HOTREC) has called on national authorities to delay enforcement of Strong Customer Authentication as offered by EBA.

HOTREC also calls on national competent authorities to agree with the EBA on a common deadline and European roadmap for implementation of SCA by all merchants and Payment Service Providers.

The industry association also stresses that hospitality is a cross-border industry with a high-share of cross-border payments. Diverging approaches and deadlines for SCA implementation between Member States would inevitably lead to a high share of valid transactions being rejected due to differences in the stage of preparation of the main players in the payment ecosystems when established in different countries.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: hospitality, EBA, SCA, PSD2, merchants
Categories:
Countries: World