A Month Out, New European Payment Security Rules Are ‘A Moving Target’

Chicago — New regulations in the European Union governing payments there with locally issued cards are set to take effect next month. Part of Europe's second Payment Services Directive, they require strong customer authentication for many types of purchases. To the relief of many in corporate travel, lodge cards and virtual cards currently are exempt. The same goes for "secure" B2B transactions, such as those processed through global distribution systems. While these common corporate payment mechanisms are out of scope, plenty of questions remain without much time . . .

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Author: David Jonas

David Jonas in 2006 co-founded business media firm ProMedia.travel after ten years as a journalist with Business Travel News. David rejoined BTN in 2010 as executive editor when its parent company acquired ProMedia, and in 2014 co-created The Company Dime. David has a bachelor's degree in communications from Cornell University.

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