Just putting some information here about the proposed changes for Online Shopping, even though they have now been delayed for 18 months (of course many may well be aware but whilst there have been articles and communication from banks) have not seen much in the media. Obviously some Business were not ready but wonder if erred too far on the side of caution (though may be necessary) , it is essential preparations are made and this will eventually go ahead whatever happens politically. of course a one time code via mobile will not be suitable for everyone believe it or not, alternatives need to be in place.
Maybe some countries such as the Netherlands are ahead of the game. However there was an article in the FT a few months ago which stated that "Research by the UK Finance trade body estimated that, without a significant change before September, between 25 and 30 per cent of ecommerce card transactions would become impossible to complete."The figures were cited in a letter, which was also signed by the European Savings Banks Group and European Association of Co-operative Banks. Would have put a link but you can only view so many articles without subscription and my limit has been reached.