What is Strong Customer Authentication ?
This provides greater security when you access your accounts online. It is part of the EU’s second Payment Services Directive (PSD2) and becomes law for all financial institutions on 14th September 2019.
This Strong Customer Authentication will be used anytime you:
- Access your account
- Initiate a payment
- Create a new payee
- Set up a recurring payments.
PSD2 provides protections when you bank online and make online purchases.