Payment Fraud Statistics

Payments data is reported by payment service providers (PSPs) including banks, credit unions, payment institutions, e-money institutions and payment service operators (companies that processes clearing and settlement of payment transactions) resident in Ireland in accordance with the Payment Statistics Regulation introduced in 2022. This includes fraud and non fraud data in the same dataset with an identifier to distinguish the two. The frequency of data collection is semi-annual basis, and covers:

• Total value and volume of payment ( inclusive of fraudulent payment) transactions by payment methods used (card payments, cash withdrawals, credit transfers, direct debits, electronic-money and remittances).

• Main types of fraud for electronically initiated - card payments, cash withdrawals, credit transfers, direct debits and e-money payments.

• Granular details include regional breakdown by country to which the payment is sent/received, payment channel used whether electronic or non-electronic (file or paper based forms), payment sub channel used such as online (remote) or via payment terminal at the counter (non-remote), use of strong customer authentication (SCA) during the payment

• Losses due to fraud and the distribution of losses among payment service user, payment service provider and other parties.

Dataset HPAY is the parent dataset with key headline numbers of all the payment services. Individual datasets like HPCT (Credit Transfers), HPDD (Direct debits), HPEM (e-money), HPCP (card payments) has more granular details as per the payment types . For quick references in relation to fraudulent payments in the datasets, refer to column FRD_TYP with codes like “F”,”F1”,”F2”,”F3” etc . Description of the fraud codes are in the subsequent column FRD_TYP_DESC. Non-fraud payments takes a default value of “_Z”. For complete dataset description and hierarchy details, kindly refer to the manual here on the Central bank website.