An article from Out-Law on 27th August reported the comments of an expert that online payment processes in Germany are unlikely to adhere to new standards on customer authentication and security any time soon. The EU-wide rules were due to take effect from 14th September. Fears over readiness has led the EBA to tell national regulators that they could delay their enforcement of the new rules in certain circumstances to give businesses more time to update their systems and processes, and a number of regulators across EU member states have since outlined their plans to delay enforcement – for example, by up to 3 years in France, and by up to March 2021 by the UK.
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