Despite some countries, like the UK, adding further extensions to the SCA deadline, the EBA is maintaining its strict ruling that the December 2020 deadline must be met.
At present, only 20% of online transactions go through with SCA. To move towards 100% without any glitches in the next six months is quite a challenge.
CMSPI, an independent global payments consultancy group, estimates that this decision could cost merchants €90 billion in lost sales if mandatory SCA is launched without being optimised. This risk is very real, and the UK