EAST EPTF 18th Meeting

EAST EPTF holds 18th Meeting in Edinburgh


The 18th Meeting of the EAST Expert Group on Payment and Transaction Fraud (EPTF) took place on Wednesday 17th April 2024 in Edinburgh.  The hybrid meeting was chaired by Rui Carvalho, EAST Development Director.

The meeting was attended by 21 key representatives from Card Issuers, International Banks, Law Enforcement, Payment Processors, Payment Services Providers, and Solution Providers.  8 people were in the room and there were 13 virtual participants.

Europol, the DCPCU, and INTERPOL, provided the law enforcement perspective, and presentations were also made by Bancomat SpA, Barclays, BPFIPLUSCARD, SIBs, Verifone, and Visa.  Social engineering remains a key concern and discussion took place on how to raise awareness of the issues.  In the offline session there was detailed discussion on the emerging threat of Refund Scams, the risks relating to Instant Payments (IPs) and fraud challenges relating to Artificial Intelligence (AI).

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 212 EAST Associate Member Organisations from 51 countries and territories.

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