European Payments Council starts Malware Information Sharing Platform search
The European Payments Council (EPC) has kicked off a search for a Malware Information Sharing Platform (MISP), which would support real-time fraud information sharing.
This follows the EPC’s announcement in February 2021 that it would provide this facility as part of a strategy for addressing fraud risks in the context of the Single Euro Payments Area (SEPA) payment schemes.
The platform will provide direct browser access by all payment scheme participants.
A public request for proposal has been published to find an independent service provider to deliver the MISP. The deadline for applications is close of business on 28 May.
As a scheme manager, the EPC is responsible for addressing fraud risks in the context of the schemes.
The ECB as overseer of the SEPA payment schemes, had previously recommended that the EPC should develop an early warning and sharing system for specific fraud cases and broadcast fraud-related information to all scheme participants, such as through the publication of quarterly qualitative dashboards.
It was in this context that the EPC Scheme Management Board approved the EPC Payment Scheme Fraud Prevention Working Group’s implementation proposal on the development of the SEPA-wide MISP.