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Finally, common sense prevails. The digital payments environment has move on signficantly since the EBA started this exercise all those moons ago, it is also like to move even further over the coming years and therefore requirements under SCA need to stand the test of time. Foremost, ensuring the vast majority of 'good' payments aren't subjected to undue friction, and any additional step up is proportianate to the risk. Payments has been saved.

Tolga, always glad to hear from you and yes London, Vienna, Amsterdam are always possible but you know I'm an Istanbul guy - Ulus 29 to be exact :) Let me clarify when I talked about on-boarding innovation, I meant the integration of innovation into the banks fraud platform not necessarily for the use case of on-boarding. What my key point is with all of the innovation in the security industry fraud systems must be easily be able to adopt new technologies without long tech projects. The demand will be driven by your customers, you won't have a choice as it is part of their digital behaviour. So Apple Touch ID as an authentication method (RBS & Natwest are doing this already) or be it behavioural biometrics, document verification etc etc all these tools need to be easy to deploy into your target fraud system so you can future proof your technology and not have to rip out and replace in 2 years time when the platform becomes legacy.

Carl - I think you are on the right track but the answer in that regard is - why do you need an electronic card? The mobile has the capbility to do all of the above (and more) today without navigating through a complex manufacturing process.