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UK payment providers granted leniency from EU's September security deadline

( June 28, 2019, 09:10 GMT | Official Statement) -- MLex Summary: Payment companies that fail to meet a Sept. 14 deadline to meet new EU security rules will not face UK enforcement action as long as they show they have taken steps to comply with a migration plan, the Financial Conduct Authority said. The statement followed guidance last week from the European Banking Authority, which acknowledged industry difficulties in imposing new legal requirements to prove a cardholder's identity.FCA response to European Banking Authority’s Opinion on Strong Customer Authentication Published: 28/06/2019...

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