The European Banking Authority (EBA) enforces a new liability shift on internet payments from August 2015
The European Banking Authority (EBA) has decided to enforce new and stronger security requirements of internet payments, effective from August 2015 ref: https://www.eba.europa.eu/-/eba-issues-guidelines-to-strengthen-requirements-for-the-security-of-internet-payments-across-the--1 The strong authentication requirements defined within the ‘SecuRe Pay’ framework creates the new rules of liability for all payment service providers –PSP - throughout EU/EEA, quotation: “PSPs with no or only weak authentication [...]