The FRIDA Fraud Alert Lifecycle, Step by Step
What Is the FRIDA Fraud Alert Lifecycle? Fraud information shared between institutions today is often a one-off message that is never updated. Under the draft FRIDA Rulebook, a…
Read article
TOPIC ARCHIVE
FRIDA
Explore articles and insights on FRIDA, including coverage of “What Is FRIDA? The EPC Scheme for Sharing Fraud Data”. Discover related perspectives on fraud prevention, scam detection and customer protection.
5 ARTICLES
FRIDA Fraud Alert Data: What Must Be Shared, What’s Optional
What Data Does a FRIDA Fraud Alert Contain? Shared fraud data can sound like full transaction histories and customer profiles moving between institutions. The FRIDA data model is…
FRIDA Roles Explained: Who Sends, Receives and Connects
What Are the FRIDA Roles? FRIDA introduces six terms that define who does what: The FRIDA roles decide who can create an alert, who can change it, who…
Who Must Join FRIDA? It Comes Down to EPC Scheme Membership
Who Must Join FRIDA? A common assumption is that FRIDA will apply to banks first, and to EMIs and payment institutions later. The draft rulebook does not work…
What Is FRIDA? The EPC Scheme for Sharing Fraud Data
What Is FRIDA? A fraudster opens an account at one payment service provider (PSP). A victim at a second PSP sends money to it. The funds then leave…
