Reap has launched Reap Sentry, a managed card fraud and risk service for businesses running card programs. It allows clients to manage transaction risk without needing any additional fraud monitoring tools or dedicated fraud specialists. Reap, a global financial technology company, announced the launch of Reap Sentry. The company offers stablecoin-enabled infrastructure for financial connectivity and access.
Reap’s Sentry is end-to-end transaction risk management for clients. The process includes configuring fraud rules and real-time authorization screening. It also covers alert investigation, chargeback processing, and confirmed fraud reporting to Visa. This means that clients do not have to build or license separate fraud monitoring systems. They can also run their programs without employing a dedicated fraud team.
“Most companies launching a card programme have to build a fraud function from day one. Doing so requires specialist tooling, dedicated expertise and several months of preparation before they can safely issue a single card, by which point the threat landscape may already have shifted. That is rarely how a team wants its first months to go.” said Harris Leow, Head of Product, Reap. “Sentry takes on that entire card fraud function: our controls, data and specialists, tailored to each card programme.”
Growing Need for Card Fraud Prevention
Payment card fraud losses worldwide reached USD 33.41 billion in 2024. The figures came from The Nilson Report, January 2026. Global card volume reached USD 51.920 trillion during the same period. Every card in circulation remains an active payment instrument. Therefore, authorization decisions often happen within milliseconds.
Fraud prevention must happen during authorization rather than after transactions occur. Moreover, the wider costs of fraud can exceed the original fraudulent transaction value.
Attack methods also continue to change across the payment industry. Consequently, businesses need ongoing fraud risk management rather than occasional monitoring. Reap developed Sentry using technology from its existing issuing portfolio. The service brings together fraud policies, operational tools, and daily risk management activities. Reap has issued millions of cards across eight years of card issuance. Therefore, the company brings experience from fraud patterns across its issuing portfolio.
Tailored Transaction Risk Management
Reap applies controls based on each client’s Reap Sentry business profile. These controls consider cardholder segments, geographic coverage, and the client’s stated risk appetite. Sentry continuously screens transactions during authorization. It also declines suspected fraud in real time. Additionally, the service triages and investigates fraud alerts. Reap also updates its controls as emerging threats develop. These threats include BIN attacks and merchant breaches. Therefore, Sentry can adapt fraud controls as card programs encounter changing risks.
The service also manages chargebacks submitted by clients. It processes and represents those chargebacks as part of the managed service. Furthermore, Sentry reports confirmed fraud and provides card program performance reporting. Clients receive these reports according to an agreed reporting schedule. Reap reviews and refines controls as each card program develops. Clients therefore do not need to manage these adjustments themselves. Clients can also connect with Sentry through a single Reap API. This approach provides a streamlined connection for businesses managing card programs.
Shared Responsibilities for Card Security
Reap protects the authorization layer it operates on and observes. However, clients still control the cardholder relationship. Clients still bear responsibility for key first party fraud entry points. These include onboarding, identity verification and account access. The structure segregates client-owned cardholder processes from those for authorization-level fraud management. This way each party continues to be responsible for its own security functions.
Reap Sentry enables businesses to leverage managed fraud risk capabilities through Reap’s infrastructure. The service brings together technology, operational controls and specialist expertise. The offering also addresses ongoing payment fraud risks in card programs. At the same time, automated screening and emerging controls help risk management at the transaction level. Reap installs Sentry as a managed solution for companies that want to run card programs. The service addresses the need to build a standalone fraud function from the ground up. As card usage grows, businesses are still dealing with evolving fraud patterns and transaction risks. Reap Sentry combines fraud prevention, risk monitoring and chargeback management into one managed service.
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News Source: PRNewswire.com
