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Market Practices & Regulatory Guidance

Expert Group on Payment Fraud-related Topics

Money travels fast and fraudsters operate in real time. Fraud prevention and detection tools not only have to be fast but should also be able to follow fraud across borders and allow relevant parties to join forces in fighting it. To support industry efforts in this area, the Euro Banking Association (EBA) launched the Expert Group on Payment Fraud-related Topics (EGPF) in 2020 to consider a pan-European fraud intelligence approach.

The objectives of the EGPF are to analyse minimum requirements for enabling a pan-European fraud intelligence approach and to define what fraud information and data could be exchanged as part of this approach. To facilitate the work on these matters, the EGPF looked into the development of a common vocabulary in relation to payment fraud-related topics, to serve in a pan-European context.

EBA Fraud Taxonomy: a pan-European approach to payment fraud categorisation

The EBA Fraud Taxonomy developed by the EGPF enables – for the first time – a pan-European approach to payment fraud categorisation. Its aim is to help fight both payment and card fraud at a pan-European level by:

  • providing a common pan-European vocabulary for fraud types to improve fraud reporting, prevention and detection
  • improving the data quality and speed of payment service providers' (PSPs) fraud detection efforts
  • supporting PSPs in developing effective fraud prevention campaigns for their customers
  • facilitating intelligence and data sharing across national borders

The EBA Fraud Taxonomy by the Euro Banking Association is licensed under a Creative Commons Attribution 4.0 International Public License (CC BY 4.0 license).

Version 7.0 (June 2026) of the EBA Fraud Taxonomy can be requested here.

Change cycle 2026/2027 applicable to the EBA Fraud Taxonomy

The EBA Fraud Taxonomy is reviewed on an annual basis with the support of fraud fighters from financial institutions across Europe. This formal change request process helps to ensure the taxonomy continues to fit the changing needs of fraud experts in Europe and beyond. Details on the annual review and updating process are set out in chapter 12 of the EBA Fraud Taxonomy.

In October 2026, the EBA will launch the change cycle 2026/2027 with a call for change requests. The dedicated form required to submit a change request will be published in October 2026.

EBA Fraud Taxonomy version 7.0

One-page Version: EBA Fraud Taxonomy Management Summary. The EBA Fraud Taxonomy in a nutshell: what, why and how

Two-page Version: EBA Fraud Taxonomy Management Summary. The EBA Fraud Taxonomy in a nutshell: what, why and how – plus key benefits and a brief explanation on how it works in practice

EBA Blog: Sharper insights and stronger defences: how SEB enhanced its fraud-fighting capabilities with the EBA Fraud Taxonomy

A pan-European fraud taxonomy: Do you speak fraud? (Article about the EBA Fraud Taxonomy in Journal of Payments Strategy & Systems, Volume 18 Number 1, Henry Stewart Publications)

Terms of Reference for the Expert Group on Payment Fraud-related Topics