On 18 July 2018, the European Banking Authority (EBA) published final guidelines on fraud reporting under the revised Payment Services Directive (PSD2). The guidelines require payment service providers across the EU to collect and report data on payment transactions and fraudulent payment transactions using a consistent methodology, definitions and data breakdowns. The next step is for the guidelines to be translated into the official EU languages and published on the EBA website. The deadline for Member States to report whether they intend to comply with the guidelines will be two months after publication of the translations. The guidelines will apply from 1 January 2019.
