The European Banking Authority (EBA) published today an Opinion on the deadline for the migration to SCA under the revised Payment Services Directive (PSD2) for e-commerce card-based payment transactions. The Opinion sets the deadline to 31 December 2020 and prescribes the expected actions to be taken during the migration period.
A well-oiled financial system keeps the wheels of the economy turning. This means that a strike against critical points in the financial system could bring society to its knees. Finland’s Presidency of the Council of the EU aims to put the issue of new threats to the financial market and ways to counter them on the political agenda.
The Verein für Konsumenteninformation, the Austrian Consumer Information Association, challenges before the Austrian courts a clause included in the general conditions of carriage of the German rail transport company Deutsche Bahn, according to which tickets booked onDeutsche Bahn’s website may be paid for by means of the SEPA direct debit scheme 1 only if the payer is resident in Germany.