Press Release: Payment systems: Commission sets out new plan to fight fraud

The European Commission published on 27 October 2004 a new Fraud Prevention Action Plan (FPAP) to fight payment fraud between now and 2007. It aimed to increase confidence in non-cash payments - for example those made by credit card and bank transfer - thus encouraging cross-border purchases and boosting e-commerce. The new FPAP built on its predecessor for 2001-2003 and is supposed to complement the Directive on payment services - which the Commission was planning to propose in 2005 - in underpinning a Single Payment Area in the EU with the ultimate aim of making cross-border payments as convenient, quick and secure as domestic ones.

European Commission: COM(2004)679: EU Action Plan 2004-2007 to prevent fraud on non-cash means of payment http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2004:679:FIN

European Commission: DG Internal Market: Free movement of services: Financial Services: Payment services: Fraud and counterfeiting http://ec.europa.eu/comm/internal_market/payments/fraud/index_en.htm

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