The rule in plain words
Fraudulent payment transactions cannot be negative.
EBA checks it for seven rows: direct debits, consent given via an electronic mandate, unauthorised payment transactions (0040), manipulation of the payer by the fraudster to consent to a direct debit (0050), consent given in another form than an electronic mandate, unauthorised payment transactions (0080) and manipulation of the payer by the fraudster to consent to a direct debit (0090). And on six sheets: domestic amount of payment, domestic number of transactions, cross-border within the EEA amount of payments, cross-border within the EEA number of transactions, cross-border outside the EEA amount of payments and cross-border outside the EEA number of transactions. That makes 42 checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
Fraudulent payment transactions: Manipulation of the payer by the fraudster to consent to a direct debit, Cross-border outside the EEA number of transactions >= 0
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Look for a value with the wrong sign in these cells, such as an amount entered as a negative number.
- 03EBA compares the values exactly here: there is no rounding tolerance.
- 04It runs only when your filing indicators mark Y 02.01 as reported.
- 05This is a warning. It does not stop the filing on its own, but your authority may ask you to explain it.
The cells it reads
Direct debits transactions (Y 02.01)
Rows
- 0010Direct debits
- 0020Of which consent given via an electronic mandate
- 0040Unauthorised payment transactions
- 0050Manipulation of the payer by the fraudster to consent to a direct debit
- 0060Of which consent given in another form than an electronic mandate
- 0080Unauthorised payment transactions
- 0090Manipulation of the payer by the fraudster to consent to a direct debit
Column
- 0020Fraudulent payment transactions
Sheets
- 0010Domestic amount of payment
- 0020Domestic number of transactions
- 0030Cross-border within the EEA amount of payments
- 0040Cross-border within the EEA number of transactions
- 0050Cross-border outside the EEA amount of payments
- 0060Cross-border outside the EEA number of transactions
A worked example
The first of its checks, with simple numbers.
Manipulation of the payer by the fraudster to consent to a direct debit, fraudulent payment transactions must then be at least 0.
A file that reports 0 passes. One that reports -100 fails, by 100.
The numbers are illustrative.
Show the rule as writtenShowHide
EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{Y_02.01,r0090,c0020,s0060} >= 0The next five:
{Y_02.01,r0090,c0020,s0010} >= 0{Y_02.01,r0020,c0020,s0020} >= 0{Y_02.01,r0040,c0020,s0040} >= 0{Y_02.01,r0090,c0020,s0030} >= 0{Y_02.01,r0050,c0020,s0060} >= 0And 36 more, the same formula for the other cells it covers.
Other rules on Y 02.01
- Payment transactions cannot be negative (v09248_s)Warning
- Consent given in another form than an electronic mandate must equal the sum of its two parts (v09133_m)Warning
- Consent given via an electronic mandate must equal the sum of its two parts (v09132_m)Warning
- Direct debits must equal the sum of its two parts (v09131_m)Warning
Every PSD2 fraud reporting rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.