The rule in plain words
Fraudulent payment transactions cannot be negative.
EBA checks it for 55 rows, from card payments (except cards with an e-money function only) (0010) to other (0630). 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 330 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: Of which initiated non-electronically, 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 03.01 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
Card-based payment transactions reported by the issuing payment service provider (Y 03.01)
Rows
- 0010Card payments (except cards with an e-money function only)
- 0020Of which initiated non-electronically
- 0030Of which initiated electronically
- 0040Of which initiated via remote payment channel
- 0060Payments with cards with a debit function
- 0070Payments with cards with a credit or delayed debit function
- 0080Of which authenticated via strong customer authentication
- 0100Issuance of a payment order by a fraudster
- 0110Lost or stolen card
- 0120Card not received
- 0130Counterfeit card
- 0140Card details theft
- 0150Other
- 0160Modification of a payment order by the fraudster
- 0170Manipulation of the payer to make a card payment
- 0180Of which Authenticated via non-strong customer authentication
- 0200Issuance of a payment order by a fraudster
- 0210Lost or stolen card
- 0220Card not received
- 0230Counterfeit card
- 0240Card details theft
- 0250Other
- 0260Modification of a payment order by the fraudster
- 0270Manipulation of the payer to make a card payment
- 0290Low value (Art.16 RTS)
- 0300Trusted beneficiary (Art.13 RTS)
- 0310Recurring transaction (Art.14 RTS)
- 0320Use of secure corporate payment processes or protocols (Art. 17 RTS)
- 0330Transaction risk analysis (Art.18 RTS)
- 0340Merchant initiated transactions
- 0350Other
- 0360Of which initiated via non-remote payment channel
- 0380Payments with cards with a debit function
- 0390Payments with cards with a credit or delayed debit function
- 0400Of which authenticated via strong customer authentication
- 0420Issuance of a payment order by a fraudster
- 0430Lost or stolen card
- 0440Card not received
- 0450Counterfeit card
- 0460Other
And 15 more.
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.
Card payments initiated non-electronically, 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_03.01,r0020,c0020,s0060} >= 0The next five:
{Y_03.01,r0510,c0020,s0050} >= 0{Y_03.01,r0420,c0020,s0060} >= 0{Y_03.01,r0450,c0020,s0020} >= 0{Y_03.01,r0460,c0020,s0010} >= 0{Y_03.01,r0420,c0020,s0050} >= 0And 324 more, the same formula for the other cells it covers.
Other rules on Y 03.01
- Card payments initiated non-remotely must equal the sum of its two parts (row 0360, v09206_h)Warning
- Issuance of a payment order by a fraudster must equal the sum of its five parts (row 0200, v09205_h)Warning
- Issuance of a payment order by a fraudster must equal the sum of its five parts (row 0100, v09204_h)Warning
- Card payments initiated remotely must equal the sum of its two parts (row 0040, v09203_h)Warning
- Card payments initiated electronically must equal the sum of its two parts (v09202_h)Warning
- Payment transactions cannot be negative (v09249_s)Warning
- Card payments initiated non-remotely without strong customer authentication must equal the sum of its five parts (v09144_m)Warning
- Card payments initiated remotely without strong customer authentication must equal the sum of its seven parts (v09143_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.