The Delegated Regulation on Regulatory Technical Standards (RTS) by the European Commission aims to facilitate Strong Customer Authentication (SCA) and establish secure communication channels.
The Delegated Regulation on Regulatory Technical Standards (RTS) by the European Commission aims to facilitate Strong Customer Authentication (SCA) and establish secure communication channels.
The CEF building blocks of the digital service infrastructure, as defined under the Connecting Europe Facility (CEF) cover essential components like user identification and authentication, communication, invoicing, payment and electronic service delivery.
A fundamental objective of the Revised Payment Services Directive (PSD2) has been to reduce the risk of fraud to the maximum extent possible and ensuring security for electronic payment transactions.
Financial institutions and solution providers are busy implementing the requirements of Strong Customer Authentication (SCA) under the Revised Payment Services Directive (PSD2) and the Regulatory Technical Standards (RTS).
The European Commission adopted the Delegated Regulation on Regulatory Technical Standards (RTS) in November 2017. These standards provide detailed specifications to achieve the strict security requirements for payment service providers in the EU.
