EPC Opens Public Consultation on FRIDA Fraud-Data Sharing Rulebook Until 10 December

The EPC wants industry views on draft rules for FRIDA, its planned arrangement for circulating fraud intelligence between PSPs across SEPA. Comments are open until 10 December. The EPC positions the arrangement as groundwork for the anti-fraud duties in the incoming EU Payment Services Regulation.

The European Payments Council launched a public consultation on its proposed FRaud Information Distribution Arrangement (FRIDA) scheme rulebook on 11 September 2026. The consultation runs until 10 December 2026. The rulebook will govern the exchange of fraud data related to account-to-account payment transactions.

FRIDA is designed to enable payment service providers, and potentially other stakeholders, to exchange fraud information under common rules, standards and practices across SEPA and the EPC schemes. The EPC opened a request for information in January 2026 to find organisations that could provide, operate and support a central platform underpinning the scheme. That request described an architectural model based on a central hub or platform that interconnects all relevant stakeholders, rather than relying solely on bilateral connections. Respondents were asked to consider either the open source Malware Information Sharing Platform (MISP) or alternative open source or proprietary vendor solutions.

The EPC has framed FRIDA as preparation for the EU Payment Services Regulation, which FinTech Global reported is expected to enter into effect by Q2 2028 with tougher anti-fraud requirements across the European Economic Area. The Luxembourg Bankers' Association described the scheme in April 2026 as allowing PSPs to share alerts related to suspicious accounts across EPC payment schemes. Separately, the EPC's updated Verification of Payee scheme rulebook, API specifications and API Security Framework become effective on 20 September 2026. Written comments on the draft FRIDA rulebook are being accepted until 10 December 2026.