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Recent regulatory developments focussed on the payments sector. See also our General Regulatory News of broad relevance in the Related Materials links.
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Contactless payments: FCA PS21/2 on amendments to single and cumulative transaction thresholds
Following its consultation in CP21/3, the UK Financial Conduct Authority (FCA) has published a policy statement, PS21/2, on amendments to the single and cumulative transaction thresholds for contactless payments.
The FCA summarises the responses it received on proposed changes relating to the contactless payments limits and confirms that it has decided to amend the contactless exemption in Article 11 of its technical standards on strong customer authentication (SCA-RTS) to increase the single transaction threshold for contactless card payments from £45 to £100 and the cumulative transaction threshold from £130 to £
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Signifyd Expands EMEA Team to Help Merchants Provide Customers With Seamless SCA Experiences
Retail, banking and financial technology experts join the Signifyd team to provide guidance and seamless solutions for merchants facing Strong Customer Authentication regulations
Signifyd, the market leader in ecommerce guaranteed fraud and consumer abuse protection, introduced an expanded team of veteran SCA experts today from the retail, banking and financial technology fields to serve as trusted advisors to merchants struggling to comply with the new payment regulations under PSD2.
The EMEA team expansion is the next step in the evolution of Signifyd s European mission, which benefits well-known retailers including Samsung, Emma, Mango, The WatchShop, Maplin, Pure Electric, Public Desire, CurrentBody, FOREO and Natural Baby Shower. The added expertise around PSD2 s Strong Customer Authentication (SCA) requirement complements a core of experts already established across the UK and Europ