EAST EPTF holds 16th Meeting

The 16th Meeting of the EAST Expert Group on Payment and Transaction Fraud (EPTF) took place on Wednesday 5th July 2023.  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 and the DCPCU provided the law enforcement perspective and presentations were also made by Barclays, Cartes Bancaires, Diebold Nixdorf, Group-IB, ING Bank, Mastercard, PAN-Nordic Card Association, Payment Services Austria (PSA), PLUSCARD, SIBs, STMP, and Tietoevry.  Social engineering remains the key concern and in-depth discussions took place on methods of detecting and preventing fraud, impersonation fraud, SEO poisoning, and the challenges of instant payments.

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 34 countries and outputs from the group are presented to EAST Global Congress Meetings.  There are 213 EAST Associate Member Organisations from 51 countries and territories.