“The UK and two other European countries have refused to adhere to new payment guidelines set out by the European Banking Authority (EBA).
The guidelines on the security of internet payments aim to set minimum security requirements for payment services providers across the EU.
The EBA have stated that the guidelines will come into force on 1st August. The rules will provide more protection for EU consumers against payment fraud on the internet.
The recommendations are an interim measure until the upcoming revised Payments Services Directive (PSD2) comes into force in 2018/19.”
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