The Tenth Meeting of the EAST Payments Task Force (EPTF) took place on Wednesday 7th July 2021. Due to the Covid-19 situation it was conducted as a virtual meeting and 18 EPTF members participated.
The EPTF is a specialist task force that discusses security issues affecting the payments industry and that gathers, collates and disseminates related information, trends and general statistics.
The meeting was chaired by Mr Rui Carvalho, EAST Development Director, and key representatives from Card Issuers, International Banks, Law Enforcement, Payment Processors and Solution Providers took part.
INTERPOL and Europol provided the law enforcement perspective, and short presentations were also made by Cartes Bancaires, Group-IB, ING Bank, JP Morgan Chase, LINK Scheme, MasterCard Members’ Association, PAN-Nordic Card Association, PSA, PLUSCARD, SIBs, tietoEVRY, Trend Micro and Worldline. Social engineering linked to non-banking fraud was reported as a rising issue.
The Group, 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.
EAST National & Global Members represent 35 countries and outputs from the group are presented to EAST Global Congress Meetings. There are 210 EAST Associate Member Organisations from 52 countries and territories.