EBA · 2019_5056 Final Q&A
Data breakdown on fraud by different card functions for cash withdrawals
- Regulation
- Directive 2015/2366/EU (PSD2)
- Article
- 96, para. 6
- Topic
- Fraud reporting
- Submitted by
- Competent authority
- Submitted
- 2019-12-19
- Answered
- 2020-07-24
- Answer provided by
- ESAs (EBA, ESMA, EIOPA)
Question
Does the breakdown on “card payments by fraud types” in Table E of the EBA Guidelines on fraud reporting under PSD2 refer only to cards with a credit/delayed debit function?
Background
The question has been raised by credit institutions. In our view, the breakdown by fraud type is required for all cash withdrawals using a card, irrespective of the type of card used, i.e. both for cards with a credit or delayed debit function and for debit cards.
Answer
The breakdown on “card payments by fraud types” in the Data Breakdown E in Annex 2 of the EBA Guidelines on fraud reporting under PSD2 (EBA/GL/2018/05) as amended by the EBA Guidelines EBA/GL/2020/01 , refers to all cash withdrawals using a card, including both cash withdrawals using cards with a credit/delayed debit function and cash withdrawals using cards with a debit function.
Original source: European Banking Authority, Q&A ID 2019_5056
This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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