Reap Launches Managed Fraud and Risk Service for Card Programs
Reap has launched Reap Sentry, a managed fraud and risk service designed to handle end-to-end transaction risk management for clients' card programs. The new offering eliminates the need for additional monitoring tools or in-house specialists by configuring real-time authorisation screening, investigating alerts, processing chargebacks, and reporting confirmed fraud directly with Visa. With global payment card fraud losses reaching USD 33.41 billion in 2024 amid a total card volume of USD 51.92 trillion, Reap Sentry aims to address the growing complexity of managing evolving fraud patterns. Built on eight years of experience issuing millions of cards, the service tailors controls based on each client's business profile and risk appetite. Reap’s solution is available through a single API integration for new clients or at contract renewal for existing ones. The company emphasizes that Sentry allows businesses to focus on their core operations while Reap handles fraud prevention with its data-driven approach.
