The purpose of the of the EAST Expert Group on Payment and Transaction Fraud (EAST EPTF), formerly known as the EAST Payments Task Force, is to provide a specialist platform for discussion of security issues affecting the payments industry and for the gathering, collation and dissemination of related information and statistics.
EAST has expanded its remit beyond ATMs to include all terminal types. Work done by EAST and its members has led to a decline in the number of card skimming incidents at ATMs and, as such, the EAST focus is increasingly moving to payment and transaction fraud issues, including CNP fraud, which continue to rise.
The EAST EPTF adds value to the payments industry by using the unique and extensive EAST National and Global member platforms, as well as the Associate Member network, to provide output and statistics that are not currently available elsewhere.
The EAST EPTF takes the following actions covering payments within the Single Euro Payments Area (SEPA) and from outside SEPA as required:
- Explore, inter alia, potential improvements in security and other issues affecting the use of payment cards and other payment types carried out at payment terminals.
- Have open discussions on non-competitive issues such as threats to security, legal and regulatory matters affecting payments stakeholders, card payment standards, risks of innovation, etc.
- Establish what payment industry information (trends / statistics) is currently available and what gaps the EPTF can cover through the collection of data from EAST’s extensive membership network (National and Associate).