Two men have been arrested during early morning search warrants following an investigation into technology-enabled crime in Sydney.

In July 2016, detectives from the Fraud and Cybercrime Squad established Strike Force Tamarisk to investigate the use of Host Card Emulation (HCE) via ‘Tap and Pay’ applications to make fraudulent purchases across Sydney.

HCE is the technology dependent architecture that provides the exact virtual representation of various electronic banking cards using software only.

Following extensive investigations, strike force detectives executed search warrants at homes at Rockdale, West Ryde, Greystanes, Bankstown and Ultimo, and a storage facility at Camperdown, about 6am today (Tuesday 2 May 2017).

Detectives have also arrested two men – aged 22 and 24 – who have been taken to local police stations, where they are expected to be charged with fraud-related offences.

The search warrants are continuing and further information will be available later today.