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Bold.co selects Fraudio's Merchant-Initiated Fraud product

Wednesday 2 February 2022 12:01 CET | News

Bold.co has selected Fraudio’s Merchant-Initiated Fraud (MIF) product as their solution for detecting fraudulent merchants. 

The MIF fraud detection product allows Bold to reinforce its central value proposition to onboard merchants in a frictionless and rapid manner by detecting fraudulent merchants weeks faster than previously.

This partnership will allow Fraudio to apply fraud detection expertise while also expanding the client base even more into the LATAM region.

Bold.co is a Colombia-based merchant acquirer that facilitates growth for small and medium-sized businesses by providing them with financial tools necessary to sell and to accept payments with cards in a secure way.

Fraudio connects payment service providers, merchant acquirers, issuers, and other players in the payments chain to a smart brain. Using this Plug & Protect technology platform, Fraudio protects clients from payment fraud, merchant-initiated fraud, and money laundering.

In an interview published in 2021, CEO of Fraudio explained the importance of AI-powered systems to help merchant acquirers combat merchant-initiated fraud during the merchant onboarding process.

To find more about Fraudio, check their profile on our company database.


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Keywords: partnership, merchant fraud, fraud prevention, fraud detection, digital onboarding
Categories: Fraud & Financial Crime
Companies: Bold.co, Fraudio
Countries: Latin America
This article is part of category

Fraud & Financial Crime

Bold.co

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Fraudio

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