The Eighth Meeting of the EAST Payments Task Force (EPTF) took place on Wednesday 11th November 2020. Due to the Covid-19 situation it was conducted as a virtual meeting and 19 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.
There was a detailed discussion on the impact of Covid-19 on fraud, on e-skimming, and on Instant Payments. INTERPOL, Europol and the DCPCU provided the law enforcement perspective, and short presentations were also made by Diebold Nixdorf, Fiducia & GAD, ING Bank, MasterCard Members’ Association, PAN-Nordic Card Association, PSA, PLUSCARD, STMP, tietoEVRY and Trend Micro.
The Group, which meets twice a year, adds value to the payments industry by using the unique and extensive EAST National Member platform and Associate Member network to provide information and outputs that are not currently available elsewhere. EAST National Members represent 35 countries and outputs from the group are presented to National Member Meetings. There are 209 EAST Associate Member Organisations from 53 countries and territories.