eftpos adds new anti-fraud capability

Thursday 2 December 2021 12:31 CET | News

eftpos has switched on a new artificial intelligence (AI) anti-fraud online capability as the Australian debit payments provider continues to expand its security features.

eftpos’ new online counter-fraud capability comes as part of a partnership with Featurespace.

eftpos’ new sovereign online capability, which includes dedicated Australian counter-fraud measures, follows the Reserve Bank of Australia’s decision in October 2021 that Australian banks are expected to offer and promote Least Cost Routing (LCR) in online by the end of 2022.

eftpos’ security kit bag now included the new security engine, two factor authentication (3DS), tokenisation, enhanced Disputes and Chargebacks capability and a digital identity solution, connectID.

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Keywords: partnership, online shopping, cybersecurity, artificial intelligence, fraud prevention, digital identity
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Australia
This article is part of category

Securing Transactions