Financial Institutions and Markets

EBA - Guidelines on the Security of Internet Payments - UPDATES

On the 14th October the European Banking Authority (EBA) repealed its Guidelines on the security of internet payments. These Guidelines were issued before the revised Payments Services Directive (PSD2) came into force in 2016 and have since then been superseded by the PSD2 and the related EBA instruments developed in support of PSD2.

EBA further has asked national competency authorities to take the corresponding steps that may be necessary at a national level, namely in relation to Circular Letter no. 055/2015/DSP by which the banking regulator formalized the need to comply with these EBA Guidelines.

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