The Nordic countries are lagging behind Ireland, ahead of strong authentication


Not all European countries apply the same timetable for this part of the PSD 2 payment service directive.

No sense in telling you now – I don’t wanna ruin the suprise. Regardless of the date of arrival. This is similar to the philosophy of strong authentication, which is part of the European Recommendation for Payment Proposals (DSP 2), which requires that all online transactions above യൂറോ 30 be verified with at least two authentication components. This regulation officially came into force on December 31, 2020. But national regulators have been able to organize local transition periods since that date. JDN has taken effect in the form of a timeline.

Many countries, including Norway, Portugal and Hungary, have complied with the December 31, 2020 rules. Others want to gradually reduce the range of transactions that are subject to authentication. Double factor. This is the situation in France, where transactions began in excess of 2,000 euros last October to reach the final target on May 15 (find the detailed schedule here).

Hexagon will not be the last European country to sit on its nails. Ireland (1Is July) and the UK (September 14) will be the last. Note that the British have been able to free themselves from certain restrictions since Brexit (they do not rely on the European Banking Authority, which oversees PSD2).

Written By
More from Jake Pearson

This planet is 1000 billion years old … this is Super Earth .. it seems to have life!

Super Earth found in our galaxy: an ancient rock in space. Achcham...
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *