Most companies are not prepared for the fraud prevention rules that are going into effect in Europe by September, according to a report from and research and advisory firm Aite Group.

This suggests we may be looking at a replay of the lack of preparedness companies showed with last year’s implementation of the General Data Protection Regulation (GDPR), which forced companies to implement new privacy protections in Europe.

The new report, entitled “PSD2: Advent of the new payments market in Europe,” includes original research and analyzes the consequences for the global online payments market around the revised Payment Services Directive (PSD2).

By September 2019, payment service providers in the European Economic Area (EEA) will have to comply with the directive’s requirements for strong customer authentication

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