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Notice: as of 1 October the new 3D version 2.0 (3Dv2.0) will start to be used by the banks. 3D is the security system often used when an online purchase is made. The present 3D system requires the buyer to respond to their bank with an OTP number which is sent to them by SMS. The new system will use artificial intelligence to reduce the times that the buyer will be sent an OTP number. OTP numbers will still be used but much less frequently.

EFSA - Protecting your rights as an ecommerce business and expressing your needs to the relevant government departments and opinion formers

Biden’s Foreign Policy Slowly taking Shape

US President Biden has moved slowly to show the shape of his foreign policy, but the Newsletter reported a few months ago the creation of a central body for coordinating policy in Africa (Prosper Africa) which will look at bodies such as USAID. Elsewhere, at the first meeting of the Trade and Technology Council (TTC) in Pittsburgh, the EU and the US agreed on concrete deliverables and outlined the future scope of work. Notably, the EU and the US committed to cooperating closely on shared priorities such as export controls, foreign investment screening, critical and emerging technology standards including Artificial Intelligence, and secure supply chains including semiconductors. They also agreed to work together on important global trade issues, such as the challenges posed by non-market economies and trade-related climate and environment issues, as well as avoiding unnecessary trade barriers on new technologies and promoting fundamental labour rights.

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Dikonketso

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