On the one hand, authentication will help fight fraud by making electronic payments more secure, and on the other, the new rules will facilitate the entry of new operators into the payment services market.
The European Banking Authority, aware of the difficulties in introducing the changes in full as of September 14, authorized the national supervisors to apply the new rules with “a certain degree of flexibility” and to grant an additional time when necessary “ limited". In Spain the rules will come into force later after the moratorium granted by the Bank of Spain. In other countries the same could happen, as explained by the Commission, which indicated that the new requirements "will be introduced gradually and some countries are more advanced than others in that area." In any case, Brussels encouraged all actors to “accelerate their efforts to ensure that the new requirements are implemented quickly and completely” throughout the Union. – Efe
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https://www.noticiasdegipuzkoa.eus/2019/09/16/economia/la-ue-estrena-reglas-de-seguridad-para-los-servicios-de-pago-en-linea
