Reap launches managed card fraud service, reporting confirmed fraud to Visa Inc.
3 reports, 1 independent
Updated Sep 20
Gone quiet
Reached 3 outlets in its first 24 hours
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Reap announced the launch of Reap Sentry, a managed card fraud and risk service. Through Sentry, Reap manages a client's end-to-end transaction risk, including reporting confirmed fraud to Visa Inc. The service allows clients to manage transaction risk without needing additional fraud-monitoring tools or dedicated fraud teams.
From prnewswire.com
Why it matters
The service addresses the operational need for fraud management, noting that payment card fraud losses worldwide totaled USD 33.41 billion in 2024. Reap Sentry combines fraud policy, tooling, and day-to-day operations to manage transaction risk effectively.
From prnewswire.com
Who's involved
- Visa Inc.Receives confirmed fraud reports from Reap through the Reap Sentry service.
Keep exploring
The entities involved
-
Visa Inc.
American multinational financial services corporation