The extension announcement says IS won’t be fined for not being ready. That’s good news for them. But what about IS users, our Euripean customers and our sales?
The FCA will not take enforcement action against firms if they do not meet the relevant requirements for SCA from 14 September 2019 in areas covered by the agreed plan, where there is evidence that they have taken the necessary steps to comply with the plan. At the end of the 18-month period, the FCA expects all firms to have made the necessary changes and undertaken the required testing to apply SCA.
It doesn’t say anything about what happens if customers from Europe try to order from the incompatible order forms.
I don’t live in Europe, but my father has received letters telling him that from Sept 15th his credit card will be more secure and that he will need to take additional authentication steps whenever he orders something.
Will European’s customers now receive more declines and us less sales because IS was not competent enough to implement this on time?
Other payment processors have had this ready for months now! Chargebee, chargify, stripe, even the FREE product woocommerce… All of them have been ready for MONTHS.
Infusionsoft is estimating that it will be ready “likely sometime in early 2020” after months of almost zero communication.
So now that we know IS won’t be ready on time. Can we please get an official statement on how it will affect IS users and their customers?