OSMP Definition.
The OSMP is France’s payment security observatory, chaired by the Banque de France. It publishes the benchmark annual report on fraud involving non-cash payment methods, which put fraud at €1.195 billion in 2023, with a card fraud rate of 0.053%. It brings together banks, merchants, consumer groups, and public authorities, and issues authoritative recommendations on topics such as securing wallet enrollment, VoP, and authentication. Its full French name is Observatoire de la sécurité des moyens de paiement.
See also
Where this term appears
GuideThe role of banksGuidePayment regulationGuideManaging SCA exemptions: fraud rates, audits, and losing the exemptionGuidePayments in FranceGuidePayment cardsGuideApple Pay, Google Pay, and other walletsGuideWero and instant credit transfersGuideIn-store paymentsGuideSEPA credit transfers and direct debitsGuideEMV and card securityGuideMerchant agreements and onboardingGuide3-D Secure 2 and SCA exemptions