Entire Section
PIB 6.13.4 PIB 6.13.4
An Authorised Firm is not required to apply strong customer authentication under PIB Rule 6.13.3 when:
(a) the User accesses its own payment account information unless:(i) it is the first time the account is accessed; or(ii) the account has not been accessed for 90 days or more;(b) the User makes a payment of a small amount;(c) the User makes a payment to a specified beneficiary on a list created by the User, or under a standing order, where strong customer authentication was applied when the list or standing order was created; or(d) a transfer is made between accounts held by the same User.Derived from DFSA RMI270/2020 (Made 26th February 2020). [VER36/04-20]PIB 6.13.4 Guidance
In PIB Rule 6.13.4(b) an example of a small amount may be a transaction not exceeding a certain value e.g. $50 or five payments not exceeding an aggregated amount of $150 over a specified period.
Derived from DFSA RMI270/2020 (Made 26th February 2020). [VER36/04-20]