CrediMax hosts electronic payment systems fraud Forum organized by Visa International in Bahrain

The forum was hosted by CrediMax and attended by risk specialists from various Bahraini banks and other industry specialists. Visa International presented the latest trends in payment card fraud and shared with attendees the best practices in combating the various methods used by fraudsters.

Wissam Abed, Fraud Control Manager at Visa International Middle East, said,

'We are pleased to see growing attendance by officials from Bahraini banks, which goes to show their keen interest in keeping abreast of the global risk compliance programmes, fraud control trends and the industry's best practices in combating fraud. Visa International is committed to extending the efficiencies of electronic payments to the Bahraini community and economy. Electronic payments reduce underground economies, bring greater transparency, and attract capital and consumers to the banking system. When coupled with the safe and secure use of these systems, electronic payment systems can play a critical role in helping small business grow. In this respect, we hope that this twice-yearly forum will make a valuable contribution to the development of the banking industry.'

Mr. Mohammed Malik, Senior Manager Business Support from CrediMax said: 'We are pleased to host this event that brings to Bahrain Visa International's global expertise in risk management and fraud control, ensuring that banks are kept up to date on the latest fraud trends and control measures, and enabling financial institutions to stay ahead of criminal attempts to jeopardise the safety and security of card payments in the country.'