
New SCA Rules to Reduce Friction in Open Banking Payments
Changes to strong customer authentication (SCA) rules in Europe are aiming to reduce customer friction. In the EU, the European Banking Authority (EBA) has updated its regulatory technical standards (RTS) to extend the 90-day “reauthentication rule” to 180 days. Under the EU’s old RTS, customers needed to reconsent to third parties accessing their account data […]