EAST EPTF holds 19th Meeting
The 19th Meeting of the EAST Expert Group on Payment and Transaction Fraud (EPTF) took place on Wednesday 26th June 2024. It was conducted as a virtual meeting and was chaired by Rui Carvalho, EAST Development Director.
The meeting was attended by 11 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 BPFI, Cartes Bancaires, Diebold Nixdorf, ING Bank, PAN-Nordic Card Association, SIBs, and SIX BBS AG. Social Engineering and Impersonation Fraud are key concerns and in-depth discussions took place on Account Takeover, ACS (Access Control Server) Attacks, False Base Stations, Invoice Fraud, Merchant Card Exemptions, and the challenges of Instant Payments (IPs).
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 214 EAST Associate Member Organisations from 51 countries and territories.
