Realist, not conformist analysis of the latest financial, business and political news

Online Shopping Chaos – But Aren’t We Leaving The EU Anyway?

Lordy Be and aren’t we lucky to be leaving?

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] Online shoppers face chaos and confusion with the introduction of anti-fraud measures which may lead to one in three purchases failing, City watchdogs have been warned. The measures, due to be brought in by the EU from September, will require shoppers to relay passwords sent to their mobile phone or other devices for orders over a certain limit. It means those without a mobile phone or whose signal is poor may have to use card readers or have a message sent to a landline telephone to complete a transaction. The rules, known as “strong customer authentication”, will apply to single transactions of more than £27. [/perfectpullquote]

This is what happens when some nutter of a civil servant in Brussels decides to write the rules – detailed rules of course – for an entire continent. The anal retentives decide that there must not only be a rule for everything but also that no one is to take any notice of any ill effects those same rules might cause.

£30 is buying a decent curry takeaway for a night in, not some massive expenditure where anti-fraud provisions might be necessary.

Luckily we’ll be out soon, eh? Which means that Chuka is missing a trick here:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] Chuka Umunna, the Liberal Democrat MP, urged the Government to do more to address the issue. Mr Umunna said he was “staggered the Government is not doing more about this ticking time bomb for online retail which is on track to cause major disruption”. He added: “The British Retail Consortium estimates that 75 per cent of retailers are unaware that this is coming into effect in September and the same is the case with the consumers. The implementation of this is forecast to lead to failure of nearly a third of e-commerce transactions. “So can I ask the minister whether she will ensure that no enforcement action will be taken for at least 18 months to give our retail sector breathing space to adapt to these new rules?” [/perfectpullquote]

Just ask that implementation be delayed until 1 November and then abandoned laddie. After all, this is why we’re going, to be free of these nonsenses.

0 0 votes
Article Rating
Notify of

Newest Most Voted
Inline Feedbacks
View all comments
4 years ago

But this has been the case with my card for some time now, but depends on the website.

And this is for shopping on websites not orders placed by phone. My SMS code comes with a warning never to give the code over the phone.

Leo Savantt
Leo Savantt
4 years ago

My bank is already implementing this system, but they will only accept a UK mobile number, so when travelling abroad in places where UK mobile numbers don’t work I have been unable to buy to air tickets online. Very annoying.

Would love your thoughts, please comment.x