With the revised ‘Payment Services Directive’ (PSD2) due to enter into force on 13 January 2018, the European Commission has still to publish the final regulatory technical standards (RTSs) on Strong Customer Authentication and common and secure communication, on which there are currently several differences of opinion.
On 23 February 2017, the European Banking Authority (EBA) published draft RTSs in line with the mandate conferred upon it by the PSD2 Directive. This draft was hailed as...