Corporate Lodge & Virtual Cards Are Exempted from Final European Payment Security Rules, but Challen
Wednesday, 06 December 2017 17:15
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The European Commission has exempted corporate payments from its finalized requirements for payment security authentication. In so doing, the commission resisted vehement opposition from the European Banking Authority. Travel and payment representatives, though, had campaigned hard to keep the exemption. Without it, they said, lodge cards in particular would have become unworkable. "This is a success resulting from industry lobbying," said AirPlus International CEO Patrick Diemer.

The European Union's Revised Payment Services Directive, or PSD2, is introducing strong customer authentication (see sidebar) for payments, but the European Commission's finalized requirements effectively exempt virtual card, lodge card and corporate pay corporate cards from SCA. 

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