Through integration of the Paymentology platform into banking systems, card users will enjoy a faster and more secure experience, whilst banks can further reduce their exposure to fraud occurring and the need for refunds.
Chief Commercial Officer at Paymentology, Matt Bruton commented, “The activity of fraudsters is a continual challenge for issuing banks and their clients. The upgraded systems used in the new Instream Fraud Scoring model combine the latest technologies and data analytics meaning that many more fraud instances are now set to be picked up as customers use their cards.”