The latest card fraud trends
Background:Peter Bayley is Senior Vice President, Fraud Management, within the Risk, Compliance and Corporate services division at Visa Europe, with responsibility for minimising fraud loss for all stakeholders engaged in Visa payments whilst maximising payment utility and ubiquity.
The main focus of Peter’s team is on the management of external fraud-related risk and incorporates fraud prevention, actively working with member banks across Europe to assess, manage and mitigate risk, definition and delivery of economic risk services and solutions, analytics and management information including peer reporting risk product management, product risk assessment and public sector engagement.
Going forward, the Visa Europe Fraud Management focus will be to continue to refine and enhance the fraud management approach to allow appropriate risk to be taken by stakeholders to further improve payment capabilities.
Peter re-joined Visa Europe in August 2011, having previously worked in Visa between 2000 and 2008 also within Fraud Management. Between his two roles at Visa Europe, Peter headed up Fraud Management for Santander in the UK.
In his various roles Peter has worked within a branch network (10 years at HSBC), headed up Fraud Operations as an issuer (four years at HSBC), headed up Acquirer Credit and Fraud Risk (four years at HSBC) and headed up a UK bank’s Fraud area (three years at Santander UK).