Thursday August 6, 2020

Stripe lobbied two ministers over payments rules

The Strong Customer Authentication, an additional layer of security around personal transactions to PSD2 (the second Payment Services Directive), comes into force on September 14

Emmet Ryan

Technology Correspondent

@emmetjryan
26th May, 2019
Patrick and John Collison: Stripe duo concerned over new online security rules

It has emerged that payments technology business Stripe lobbied two government ministers earlier this year over the Strong Customer Authentication (SCA), an additional layer of security around personal transactions to PSD2 (the second Payment Services Directive), which comes into force on September 14.

The two meetings, in January and April, related to Stripe’s concerns about merchants and retailers’ knowledge of the implications of SCA. It is broadly seen as a GDPR for payments, increasing the layers...

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