In order to ensure a uniform, consolidated and stable approach to fraud reporting across all member states of the European Union, European fraud experts are calling on EU regulators to put on hold the implementation of the EBA Guidelines on Fraud Reporting under PSD2 until the entry into force of the revised ECB Regulation on Payments Statistics. 

A recommendation note delivered through workshops supported by the Euro Banking Association sets forth recommended steps to minimise fragmentation risks and ensure both maximal legal certainty and longer-term viability for the implementation programmes that payment service providers and their national competent authorities are currently putting in place for fraud reporting.

Thomas Egner, Secretary General, Euro Banking Association and Markus Rupprecht, CEO, Traxpay discuss how the world of Payments is undergoing a paradigm shift towards the collection and strategic use of data. Partnering with FinTechs is one way to help banks leverage the power of information around corporate’s financial transactions and data. Egner and Rupprecht conclude that digital service experiences and service options can be created for better customer experiences and strengthened business relationships.

The December 2018 issue of EBA Insight - the newsletter for the EBA community - is now available for download.