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Zoompass to use CyberloQ fraud mitigation systems for cards

Wednesday 20 September 2017 13:55 CET | News

Zoompass has announced the partnership with CyberloQ to enable to fraud mitigation on its card platform.

With a multi-layer authentication approach to security, Cyberloq is able to eliminate most fraud through a check-in process utilizing three levels of authentication.

The combination of a card spending algorithm, geo-fencing and smartphone authentication on a per transaction basis, allows Cyberloq customers to eliminate card fraud. Zoompass will install this fraud mitigation on their card platform to further secure transactions.

CyberloQ is a mobile device authentication technology utilizing two-factor verification in an all-in-one approach to credit card fraud mitigation and prevention.

Zoompass is a fintech activating as a financial platform provider with divisions in physical prepaid cards, financing enablement, and mobility products.


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Keywords: Zoompass, CyberloQ, partnership, card fraud, authentication, fraud prevention, fintech
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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