Regulatory Alerts2019-08-28
Added · Updated
Q&A – Secure business payment procedures and protocols
Payment service providers opting for the exemption from strong customer authentication under Article 17 of Commission Delegated Regulation (EU) 2018/389 must submit specific information to DNB prior to implementation. This submission requires a statement confirming the procedure is available only to non-consumer payers, a detailed description of the authentication process, a risk analysis demonstrating security levels equivalent to Directive (EU) 2015/2366, and a step-by-step payer perspective. Institutions must also complete and submit an attached form with supporting documentation to their regular DNB supervisor to facilitate the assessment of the exemption.
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