The European Banking Authority (EBA) has published amendments to its 2018 guidelines on fraud reporting under the revised Payment Services Directive (PSD2).
The amendments:
- introduce two new data fields for reporting transactions where SCA is not applied for reasons other than an exemption to SCA, with the aim of ensuring that these transactions are reported in a consistent and correct manner across the EU/EEA;
- include some editorial changes to the guidelines which were introduced for greater clarity.
The amendments will apply to the reporting of payment transactions initiated and executed from 1st July 2020.