Ecommerce Europe co-signed a joint industry statement on the Implementation of Strong Customer Authentication (SCA). With this statement we would like to express support of the goals of SCA to reduce fraud and increase consumer trust in electronic payments. However, we would like to reiterate that a migration towards SCA requires significant changes for all participants in the payments industry and they would need sufficient time to implement resilient systems that comply with the new requirements. The co-signatories welcome the EBA Opinion on SCA that permits National Competent Authorities (NCAs) to grant a degree of flexibility in the practical implementation of SCA requirements. However, we would like to stress that it is important that NCAs align on industry readiness with an agreed European wide roadmap. We believe the payment ecosystem needs a transition period of at least 18 months and perhaps longer for certain Sectors and in clearly defined use cases, with key milestones and clear and consistent metrics. The co-signatories would like to encourage authorities to reach a consensus on a common European roadmap and a common European deadline before the 14th September 2019.
This statement has been co-signed by:
- Ecommerce Europe
- European Association of Payments Service Providers For Merchants (EPSM)
- European Tourism Association (ETOA)
- European Hotel Forum (EHF)
- European Payment Institutions Federation (EPIF)
Click here to download the statement.