Tougher security measures proposed for online purchases

Anyone trying to make an online purchase worth as little as €10 could soon have to give much more security information just to have their transaction processed.

In 2015, the European Parliament adopted the Payment Services Directive II to “protect consumers better when they make payments, promote the development and use of innovative online and mobile payments and make European payment services safer”.

However, according to Irish MEP Brian Hayes, the European Banking Authority (EBA) was then given a mandate to “flesh out” precise technical details on how customer authentification should work in practice.