The Observatory for the Security of Payment Means is a national body intended to promote information-sharing and consultation between all parties concerned by the security of cashless payment systems (consumers, merchants, businesses, financial sector players and public authorities).
Pursuant to the articles L. 141-4 and R. 141-1 of the French Monetary and Financial Code, the Observatory has a threefold responsibility:
The payment means covered by the Observatory are the following:
Created by Law 2016-1691 of 9 December 2016, the Observatory for the Security of Payment Means (OSMP) is a body whose purpose is to facilitate the exchange of information and the consultation between all the parties concerned (consumers, retailers and companies, public authorities and administrations, banks and managers of payment means) by the smooth functioning of payment means and the fight against fraud. As such, the OSMP takes over all the missions previously devolved to the Observatory for Payment Card Security created in 2001, to which it succeeds, over a perimeter extended to all cashless payment means.
Updated on: 07/07/2017 11:41