Preventing fraud by introducing delay and chargeback option for first SEPA transfer to new IBAN account number
Question for written answer E-000338/2022
to the Commission
Antonius Manders (PPE)
In order to increase consumer confidence in the European internal market and financial system, the further reduction of fraud involving bank transfers is very important. However, the European Second Payment Services Directive (PSD2) regarding SEPA transfers unfortunately makes no provision for delay and chargeback options for a first transfer to a new IBAN account number in a further bid to combat fraud, by making use of a suspense account for example. Under latter option, the beneficiary would receive immediate notification of payment but would only be able to access the amount after one day, enabling the payer to reverse the payment in the event of fraud (once reported to the police).
- 1.Does the Commission agree that, in order to bolster confidence in the financial system and the EU internal market, it is necessary to introduce a delay and chargeback option for SEPA transfers to new IBAN account numbers (as with credit cards) or to come up with a more effective fraud prevention system?
- 2.If so, will the Commission table proposals to this effect as part of the PSD2/PSD3 review procedure?