“he European Association of Payment Service Providers for Merchants, which represents industry members in 16 countries, is urging regulators to provide a longer extension to the PSD2-SCA deadline amid concerns that many sectors will face significant disruption without additional time. The group sent an open letter to regulators on Wednesday asking regulators to push for an 18-month transition period for most of the industry, plus a 36-month exemption for certain sectors like the travel industry.”
European Payments Industry Group Seeks Additional Extension on PSD2-SCA
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