Payment fraud carries direct and indirect costs beyond the transaction value. This article examines chargeback fees, operational overhead, customer churn, reputational damage, and the total cost of ownership for fraud prevention programs.
From Fraudio
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April 24, 2024
Payment fraud carries direct and indirect costs beyond the transaction value. This article examines chargeback fees, operational overhead, customer churn, reputational damage, and the total cost of ownership for fraud prevention programs.
Trustmi lands $17M to scale its payments fraud prevention tech
Shai Gabay and Eli Ben-Nun, two entrepreneurs based in Israel, met in 2018 while working at Cynet, a cybersecurity startup developing extended detection and response tools. While there, they came to realize that there was a growing need to secure payment transfers, which were becoming increasingly susceptible to fraud and cybercrime. According to one recent […]
Jul 26, 2023
Oscilar emerges from stealth to fight transactions fraud with AI
Confluent co-founder Neha Narkhede today announced a new fintech company, Oscilar, that’s developing an “AI-driven” platform to help financial institutions protect online transactions from fraud and theft. Oscilar is entirely self-funded, backed by $20 million that Narkhede and the company’s other co-founder, Sachin Kulkarni, themselves contributed. Narkhede says that they opted not to take outside […]
Mar 30, 2023
Effectiv’s fraud tools determine if it is you or your deep fake making that bank withdrawal
Effectiv developed AI-driven payment fraud detection, verification and compliance tools as well as models that are trained to detect that simulated behavior.
Jul 26, 2023
Effectiv’s fraud tools determine if it is you or your deepfake making that bank withdrawal
Effectiv developed AI-driven payment fraud detection, verification and compliance tools as well as models that are trained to detect that simulated behavior.
Jul 26, 2023