FIS announces new chargeback indemnification service

Wednesday 3 June 2020 15:27 CET | News

FIS, a services technology, has announced Fraud Freedom, a chargeback indemnification service designed for cryptocurrency brokers and exchanges.

Worldpay’s Fraud Freedom service aims to support crypto brokers and exchanges with payment conversion and authorisation rates while providing indemnification from Forter, an ecommerce fraud prevention provider.

Powered by Forter, the Fraud Freedom service helps cryptocurrency brokers and exchanges identify malicious actors throughout all points of the customer journey and prevent them from making fraudulent purchases, trades, or distributions of cryptocurrency.

According to the official press release, the AI-driven service leverages real-time learning from across Forter’s network to update its fraud models.

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Keywords: cryptocurrency, WorldPay, FIS, exchange, Forter, technology, Fraud Freedom, chargeback, payments , ecommerce, fraud, AI, network
Categories: DeFi & Crypto & Web3
Countries: World
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DeFi & Crypto & Web3

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