ECOMMERCE LEGAL UPDATES in cooperation with the Austrian Retail Association (Handelsverband): In this edition #3 Mag. Jacqueline Bichler and Lukas Ragl focus on the tighter rules for customer authentification in electronic payment transactions. From 1 January 2021, online payments can only be processed using strong customer authentication. The tightening based on the PSD2 directive is primarily targeted at payment service providers, but must also be complied with by entrepreneurs. You can find more information about the specific changes, the parties obligated by the provisions and any need for adaptation for online retailers here - German only.
