At the Intersection of Technology, Law, and Business
May 08, 2019 - Financings, Fintech

Could Strong Consumer Authentication Weaken Consumer Demand?

UK Regulations: Urgent Action Required from Loan-Based Crowdfunding Platforms

From 14 September 2019, certain electronic and remote payments must be subjected to two-factor, or “strong customer authentication”, under regulatory standards covering the European Economic Area relating to the second EU Payment Services Directive, which took effect in January 2018. Retailers are uncertain whether these new European anti-fraud measures will cause consumers to abandon online purchases. Read our client alert for guidance on transactions that might be impacted or exempt.

Read our client alert.