Featurespace Fraud Fighting
Annually, Featurespace protection and detection technologies review 100 billion events that cover 500 million consumers.
Area of Interest: Fraud Fighting and Security
CPI Offers New Infineon Chip
A dual-interface chip that enables a greater degree of design options for credit and debit cards is now available from CPI, the largest US-based payment card manufacturer.
Mastercard Fights Fraud with Recorded Future Acquisition
Recorded Future already provides Mastercard with data gathered from the dark web that identifies when a payment card has been compromised. It is capable of contributing additional information that Mastercard could deliver to issuers to help make fraud fighting decisions in real time.
Sift’s ThreatCluster Fraud Fighting Helps Merchants
The company has 13 years of experience in AI-powered fraud detection. It analyzes more than 1 trillion data signals tied to transactions, logins, account openings and other events from more than 1.50 billion shoppers at Sift’s 700 online merchant and fintech clients. Purchase volume analyzed in 2023 topped $350 billion.
Interoperable Digital Wallets from Inrupt
The company provides a universal data infrastructure that developers can use to create their own multipurpose digital wallets. Also available, on a white-label basis, is the Inrupt Data Wallet, which is built on the company’s Enterprise Solid Server (ESS).
Fighting Deep Fake Fraud
Au10tix, which has roots in border control and airport security, counts Google, Payoneer and PayU as customers that use its automated identity verification technology to fight payment fraud. In 2023, the company’s Serial Fraud Monitor, an engine that tracks organized, professional fraud attempts, uncovered a genAI-based attack by an organized crime gang that involved the simultaneous effort to open more than 22,000 accounts, each with the discreet use of PII.
Virtual Secure Element for Offline CBDC Payments
Hardware-based secure elements (SE) can hold TAs (called applets when on an SE), and most smartphones have embedded SEs.
Idemia’s Offline CBDC Wallet
CBDCs are identical twins of banknotes. As such, they need to be available to consumers 100% of the time.
Evolve B&T Data Breach
Among more than 150 clients and partners of Evolve are Affirm, Airwallex, Bond (a unit of FIS), i2c, Lithic, Marqeta, Melio, Mercury, Paystand, Stripe, TabaPay and Wise. Evolve is a principal member of Visa and Mastercard.
Accertify Separates from American Express
Last year, Accertify handled 7.60 billion events on its platform. The vast majority were card payments, but fraud protection also covers money transfers and redemption of loyalty points.
