The European Payments Council (EPC) has launched a request for information as it looks to identify potential service providers to build, run and support a central platform for its FRIDA Scheme.
The initiative is designed to help payment service providers (PSPs) share fraud-related information more effectively, as regulators in Europe move towards tougher and more coordinated anti-fraud requirements across the payments ecosystem.
The EPC’s move comes as the European Union’s upcoming Payment Services Regulation (PSR) is expected to come into effect in Q2 2028, introducing new provisions aimed at strengthening anti-fraud measures, improving transparency and enhancing consumer protection for payments across the European Economic Area (EEA).
Under the proposed framework, PSPs would be responsible for transaction monitoring and for sharing relevant fraud information with other PSPs to help prevent and respond to payment fraud, including measures referenced under Article 83 on “Transaction monitoring mechanisms” and Article 83a on “Fraud data sharing”.
Anticipating these obligations, the EPC has established a task force to design FRIDA, an arrangement intended to enable PSPs — and potentially other stakeholders — to exchange fraud-related intelligence with the goal of improving fraud prevention across the Single Euro Payments Area (SEPA) and across all EPC schemes. The EPC said the work is intended to align with the objectives and obligations expected to stem from the PSR.
Under the FRIDA model, participating financial institutions would follow a set of inter-PSP rules, practices and standards for exchanging fraud-related information. The EPC is also considering an architectural approach where a central hub or platform connects all stakeholders, creating a shared point of distribution for relevant fraud signals and data.
In outlining possible technical routes, the EPC noted the central platform could be based on the open source Malware Information Sharing Platform (MISP), as well as other open source or proprietary platforms. Through the RFI process, the EPC is seeking information from suitably qualified organisations interested in establishing and operating the FRIDA Central Platform, whether using MISP or alternative platform options. The EPC said responses will be used to help determine the next steps for the project.
The RFI process runs from 28 January 2026, with responses due by Friday 20 February 2026 at 18h CET. Interested candidates are required to complete a request form to receive the RFI document before submitting their application via email. No quotes were provided in the source text.
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