Behavioral biometric specialist BehavioSec operates within the Business Services group of LexisNexis Risk Solutions following its acquisition in May 2022. Terms of the deal were not disclosed. Sweden-based BehavioSec has clients in North America, Europe and the Middle East that use its behind-the-scenes passive biometric technology to protect against fraud tied to opening new accounts, takeover of existing accounts and other criminal scams.
Brazil-based Payface piloted its biometric payment engine in 2019 with restaurant Biezza in a closed-loop system and launched it for open network payments last year with that country’s top merchant acquirer Cielo. Mastercard has selected Payface as a vendor in its global Biometric Checkout Program.
Protecting financial institutions from criminals that combine valid and fake personally identifiable information (PII) to create a synthetic identity is the goal of Verify Identity from Early Warning Services. Criminals use synthetic identities to open deposit, credit card and personal loan accounts.
Keyno, which provides technology that lets card issuers significantly boost protection against online card-not-present (CNP) fraud with dynamic CVV2 services, has expanded its partnership with Visa. The companies are jointly marketing an integrated dCVV2 transaction-level authorization service worldwide.
Recognizing the opportunity to further reduce friction in the payment process as well as to provide consumers with another method of payment, Mastercard has created the Biometric Checkout Program.
When the principals at Nethone began building their machine learning-based online fraud fighting platform in 2016, they recognized that future success in mitigating card-not-present losses would depend less on the approach of legacy providers—models built on massive amounts of historical data.
Before commerce was transacted on the internet, Inetco was a software company providing real-time packet switching to telecom industry clients worldwide. Since 2019, Inetco has used its real-time processing and analytics skills to detect and block payment card fraud.
AI-powered fraud fighting technology incorporating every type of machine learning technology has been available from NoFraud since 2015, which has more than 3,000 small and midsized (SMB) ecommerce customers in the U.S.
Microsoft, like other major online retailers, has been a target for criminals’ intent on committing fraud since the beginning of ecommerce. About 10 years ago, when criminals started to deploy more sophisticated tactics, Microsoft began developing technology in-house to fight losses it incurred when selling digital and physical products.
Two years ago, Microsoft decided to market its fraud-fighting technology to financial institutions and merchant acquirers under the name Dynamics 365 Fraud Protection Solution.
The Nilson Report was founded by H. Spencer Nilson in Los Angeles in 1970. Spencer passed away this month here in Santa Barbara. He was 101. Our company is a family business. Its executives include second- and third-generation members. In memoriam, we wish to share with you some of our patriarch’s life story. Spencer entered […]
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