Payment service providers integrate with ecommerce merchants by using APIs. These gateways connect databases, spreadsheets or SQL servers that contain personally identifiable, financial and other confidential information—structured data that is highly desirable to hackers and other cybercriminals intent on committing fraud. DataDome specializes in protecting APIs from abuse. The company says that APIs too […]
The service can be deployed by online merchants or by their fraud detection providers as an added layer of protection.
The company uses a range of device data to allow customer identification, even when privacy settings are in place.
The range of services available from Kount 360 help identify, prevent and respond to attempted fraudulent transactions.
Ecommerce merchants will integrate the wallet into the checkout page on their websites. All transactions will be tokenized.
Account-to-account scams are becoming more common, growing with the introduction of real-time payment systems.
The company provides banks, creditors and merchants with fully automated identity verification tools needed to make risk decisions when opening new accounts and monitoring transactions in real time.
Ecommerce sites in the US and Asia-Pacific lost an estimated $700 million in fraudulent sales to criminals in Southeast Asia during the fourth quarter of 2022. Operating mainly from Malaysia, Vietnam and Indonesia, the fraudsters targeted sellers of smartphones, computers and semiconductor chips.
Three-year-old Sardine was formed to combat payment fraud that troubles companies in high-risk verticals such as account funding for fintechs, payments for processing cannabis purchases, online gambling, travel and cross-border commerce.
There were 700 transactions in card payments and related fields in 2022. There were 382 transactions in the first half of the year and 318 in the second half. Those deals occurred in 68 countries.
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