Reap Launches Managed Fraud Service Sentry for Card Programs
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Hong Kong – September 20, 2026 -- Reap has launched Sentry, a managed fraud and risk service that eliminates the need for card-issuing clients to build in-house fraud teams or license separate monitoring tools.
Global card fraud losses hit $33.41 billion in 2024, Nilson Report data shows
Payment card fraud losses worldwide totalled USD 33.41 billion in 2024, tied to global card volume of USD 51.920 trillion, according to The Nilson Report's January 2026 figures. Reap cites the millisecond nature of authorisation decisions as the reason fraud must be intercepted at the point of transaction rather than remediated afterward.