EAST EPTF

The 11th Meeting of the EAST Expert Group on Payment and Transaction Fraud (EPTF) took place on Wednesday 10th November 2021.  Due to the Covid-19 situation, it was conducted as a virtual meeting and was chaired by Rui Carvalho, EAST Development Director.

The meeting was attended by 17 key representatives from Card Issuers, International Banks, Law Enforcement, Payment Processors and Solution Providers.

Europol, INTERPOL and the Swedish Police provided the law enforcement perspective, and Group-IB presented on the developing Classiscam fraud.

Short presentations were also made by Cartes Bancaires, HSBC, ING BankMasterCard Members’ AssociationPAN-Nordic Card AssociationSIBs, and Trend Micro.  Social engineering linked to non-banking fraud continues to be an issue of concern.

EAST EPTF, which meets three times a year, adds value to the payments industry by using the unique and extensive EAST National Member and EAST Global Member platforms, and the Associate Member network, to provide information and outputs that are not currently available elsewhere.  It is a is a specialist group that discusses security issues affecting the payments industry and that gathers, collates and disseminates related information, trends and general statistics.

EAST National & Global Members represent 35 countries and outputs from the group are presented to EAST Global Congress Meetings.  There are 212 EAST Associate Member Organisations from 52 countries and territories.