European payment service providers (PSPs) are committed to combating payment fraud and enhancing transaction security across Europe.

EPIF is delighted to share with you its views on the subjective approach to the authorization of payment transactions and the current concerns of the industry with this approach, notably in terms of the increase dispute risks, the operation challenges and impact on security protocols.

With this in mind, EPIF proposes a three-step recommendation:

• Maintain objective authorization criteria;
• Revert the burden of proof post-SCA; and
• Standardize the definitions of gross negligence.

Our more detailed views are further explained in the statement below.