Catenaa, Friday, September 25, 2026- Stablecoin-focused financial technology company Reap has launched a managed fraud and risk service that takes over much of the transaction-monitoring work required to operate payment card programs.
Called Reap Sentry, the service screens card authorizations in real time, configures fraud controls, investigates alerts, handles chargebacks and reports confirmed fraud to Visa.
Reap said clients can use the service without licensing separate fraud-monitoring software or employing their own specialist fraud teams.
Sentry operates through Reap’s card-issuing infrastructure and is available through the company’s existing application programming interface.
Each client’s controls can be adjusted according to factors including its customer base, geographic exposure and tolerance for transaction risk.
The service evaluates transactions during authorization and can reject activity identified as suspected fraud before a payment is completed.
Reap said its specialists also monitor transaction patterns and adjust controls as threats change.
That includes attacks targeting bank identification numbers, known as BIN attacks, in which fraudsters systematically test combinations of card numbers to find active accounts.
Sentry also handles dispute and chargeback submissions and prepares performance reports for card-program operators.
However, Reap does not assume responsibility for every source of fraud.
Clients remain responsible for their relationship with cardholders and for areas including customer onboarding, identity verification and account-access security.
Reap said the service draws on data accumulated through eight years of card issuance.
The company says it has issued and monitored more than 1.5 million cards through its infrastructure.
Reap operates as a Visa principal issuer in markets including Hong Kong and Mexico and allows businesses to fund card programs using fiat currencies or stablecoins.
The company has increasingly connected traditional card infrastructure with digital assets.
Its wider platform allows businesses to issue cards funded through stablecoins and other digital assets, while payments are ultimately settled through existing card networks.
Reap said global payment card fraud losses reached $33.41 billion in 2024 on transaction volume of about $51.9 trillion, citing data from The Nilson Report.
The scale of those losses has made real-time fraud controls an increasingly important part of card issuance, particularly for fintech and crypto companies launching payment products without established banking risk departments.
Sentry is available to new Reap card-issuing customers and will also be offered to existing clients when their contracts come up for renewal.
The launch reflects a broader move among embedded-finance providers to bundle issuing, compliance, payments and risk management into a single infrastructure platform rather than require clients to assemble those functions from separate providers.
