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Parliamentary question - E-000338/2022Parliamentary question
E-000338/2022

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
Rule 138
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).

Last updated: 4 February 2022
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