The contents on this website reflect the views of the Members of the EU Fraud Prevention Expert Group and cannot be attributed to the European Commission
Payment fraud is an important threat to the European economy, and in particular for the health of an efficient Single Payment Area in Europe. It also undermines user's confidence in payment systems, in particular in relation to new payment technologies. Prevention of (and combating) payment fraud needs to be improved. This can be achieved through the active cooperation of all the stakeholders involved in the payment chain. Indeed, the effectiveness of the prevention measures is enhanced when designed and implemented in partnership with all the parties concerned. This is indeed the core task of the FPEG, an independent expert group, whose main objective is to intensify cooperation between interested parties, especially at cross-border level. The FPEG assists the Commission concerning its policy with regard to
payment fraud prevention.
Payment security is key to improving consumer confidence in new
payment services, says Commission report (IP/08/653)