The 12th Meeting of the EAST Expert Group on Payment and Transaction Fraud (EPTF) took place on Wednesday 13th April 2022. 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, Payment Services Providers, and Solution Providers.
Europol, INTERPOL and the DCPCU provided the law enforcement perspective, and the Ukrainian Interbank Payment Systems Member Association “EMA” gave a keynote presentation on the payments and fraud situation in Ukraine.
Short presentations were also made by Barclays, Cartes Bancaires, Diebold Nixdorf, HSBC, ING Bank, PAN-Nordic Card Association, SIBs, STMP, TietoEVRY and Worldline. Social engineering linked to non-banking fraud continues to be of concern and Investment Fraud is a rising issue.
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.