Insights: News and developments
Follow our insights page to be informed about the firm's updates, latest news from the Turkish jurisdiction, new laws and amendments on the laws, updates from regulators in Turkey and others around the world.
Extention on deadline for SCA
May 3, 2020
The deadline for the implementation of strong customer authentication (SCA) for e-commerce in the UK has been extended with an additional 6 months amid coronavirus crises as Financial Conduct Authority has announced today. SCA is a requirement of PSD2 on payment service providers which ensures that electronic payments are performed with multi-factor authentication to increase the security of electronic payments.