Concerned about the increase in frauds related to Iinternet payments, the EBA decided that the implementation of a more secure framework for such payments across the EU was needed
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EBA issues guidelines to strengthen requirements for the security of Internet payments across the EU

The European Banking Authority (EBA) has issued its final guidelines on the security of Internet payments. These new guidelines set the minimum security requirements that Payment Service Providers (PSPs) in the EU will be expected to implement by 1 August 2015. The EBA decided to...
Posted On 19 Dec 2014