The implementation of ’strong customer authentication’ (SCA), which require two-factor identification for online purchases, will come into effect from September 14.

However, today the Financial Conduct Authority (FCA) said businesses will be granted a grace period until March 2021 to implement the feature, which has been introduced in a bid to crack down on online fraud.

The delay came after industry groups warned that card issuers, payment firms and online retailers would not have time to implement the changes and that customers could be impacted as a result.