Industry Seeks Answers From EU Banking Authority On Potentially Problematic Payment Rules

By | June 27, 2018

A group of large travel management and commercial card entities is attempting to get answers from European regulators on a set of rules that could disrupt traditional corporate travel payment practices.

Under Europe's second Payment Services Directive, payment firms by September 2019 must implement strong customer authentication (SCA) for purchases made in European Union states with cards issued there. An example could be a unique code texted to the cardholder and presented to the merchant for . . .

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Jay Campbell
Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them with Business Travel News. He served as editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University.