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  • 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]