The European Banking Authority (EBA) publishes today an amendment to its 2018 guidelines on fraud reporting under the revised Payment Services Directive (PSD2). The changes reflect some consequential amendments to the reporting templates under the guidelines as a result of clarifications provided more recently by the European Commission on the application of strong customer authentication (SCA) to certain type of transactions.
More specifically, the amendment introduces two new data fields for reporting transactions where SCA is not applied for reasons other than an exemption to SCA under the Commission Delegated Regulation (EU) 2018/389, with the aim of ensuring that these transactions are reported in a consistent and correct manner across the EU/EEA.
In addition, some editorial changes to the guidelines were introduced for greater clarity.
A consolidated version of the updated guidelines is published alongside the amending guidelines for convenience purposes.
The amendments will apply to the reporting of payment transactions initiated and executed from 1st July 2020.
These amending Guidelines have been drafted according to Article 16 of the EBA Regulation and in fulfilment of the EBA mandate under Article 96(6) of Directive (EU) 2015/2366 on payment services in the internal market (PSD2).
Source: European Banking Authority