Cyprus:
Implementation Of SCA For Remote Electronic Transactions
24 May 2023
Elias Neocleous & Co LLC
To print this article, all you need is to be registered or login on Mondaq.com.
The May edition of the Great Britain – Cyprus Business
Gazette e-newspaper features an article authored by Senior
Associate, Xenia Kalogirou. The article discusses the
implementation of the two-factor strong customer authentication
(SCA) for the initiation of electronic payment transactions,
accessing payment accounts online directly or through an account
information service provider and carrying out any action through a
remote channel which may imply a risk of payment fraud or other
abuses.
The article touches on relevant issues including the current
regulatory framework and steps taken to date to take account of
innovation and technological developments. Finally, the author
stresses the necessity of ensuring the consistent application of
regulation across EU Member States and of addressing legal
inconsistencies arising as a result of new value chains and payment
processes created by new technological solutions.
The full article may be viewed here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Criminal Law from Cyprus
Direct Cheque Enforcement In The UAE
Hamdan AlShamsi Lawyers & Legal Consultants
As in many other jurisdictions, there are certain legal requirements and conditions that must be met for a cheque payment to be enforced in the UAE.
Extradition Process Between The UAE And India
Awatif Mohammad Shoqi Advocates & Legal Consultancy
The United Arab Emirates is a signatory of the Riyadh Arab Convention on Judicial Cooperation for Oman, Qatar, Saudi Arabia, Bahrain, Iraq, Algeria, Jordan, Kuwait, Lebanon, Libya, Tunisia and Morocco.
How Does The Extradition Process Work For Criminal Matters?
Awatif Mohammad Shoqi Advocates & Legal Consultancy
Extradition in common language, is understood as the process under which one country, on the request of another country, returns a requested person, to the requested country, based on crimes committed by the requested person in the requesting country.
Once A PEP, Not Always A PEP?
Ogier
Jersey has aligned with international best practice in providing the ability to declassify politically exposed persons.
International Perspective On Juvenile Justice
STA Law Firm
'No civilised society regards children as accountable for their actions to the same extent as adults ... The wisdom of protecting young children against the full rigour of the law is beyond argument.