EBU Single Rulebook Q&A 10 July 2018 2018_4090 Does transaction monitoring need to be real time?

Also known as

European Union · · · 05-10-2018

Article 2(1) of the RTS stipulates that "payment service providers shall have transaction monitoring mechanisms in place that enable them to detect unauthorised or fraudulent payment transactions…" and Article 2(2) explains the minimum requirements.However, Article 2 does not specify timing aspects of the transaction monitoring.

Read the full text

This document is published by eba.europa.eu.

Moonlit adds the citation network, article-level links and cross-references, which are available to search for free.