2023-02-23

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Decision on Ensuring Strong Customer Authentication and Common and Secure Open Standards for Communication

The Council of the Central Bank of Montenegro issued this Decision to prescribe security requirements for payment service providers regarding strong customer authentication and secure communication standards. It mandates the implementation of transaction monitoring mechanisms, independent audits, and specific technical safeguards for authentication codes and dynamic linking. The document also defines exemptions from strong customer authentication for low-risk scenarios, including contactless payments, trusted beneficiaries, and transaction risk analysis.

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Central Bank of Montenegro

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Source: Central Bank of Montenegro — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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CBCG published 8 documents in the last 30 days. We email you each new one the day it's published.