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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 2 sources · 10 days · First seen · Last updated

Digital payment fraud and security in Chile

Overview

The digital payment landscape in Chile has faced increasing scrutiny regarding security and fraud. An industry report by ChilePay identified fraud as a primary concern, with 43.5% of surveyed participants citing unauthorized operations as a major source of regulatory tension. Experts emphasized the need for collaborative models to share risk signals and combat sophisticated fraud schemes.

Following these concerns, specific instances of irregular electronic payment activity were reported. In Chile, Deputy Jaime Araya requested an investigation into TransAntofagasta’s payment system after users reported unexplained deductions labeled as ‘Corrección saldo’ (balance correction), double charges, and unauthorized transactions. While the company Bipay attributed some issues to processing errors, authorities are looking into whether proper oversight was maintained.

Entities

TransAntofagasta · Evertec · San Martín · Banco Bci · ChilePay

Timeline

  1. 11 days ago

    [CRIME] 2 sources
    Fraudulent electronic payment schemes reported in Chile and Argentina

    Fraudulent activities have been reported in Chile's public transport payment system and at an Argentine service station involving diverted electronic payments.

  2. 21 days ago

    [BUSINESS] 7 sources
    ChilePay releases second Payments Radiography, cites fraud as top challenge

    ChilePay unveiled its second Payments Radiography, flagging fraud (cited by 43.5% of actors) as a major challenge and urging collaborative anti‑fraud models.

Sources

madero.cl · rosarioplus.com