The global provider of financial services technology
solutions, FIS has collaborated with Stratyfy to boost card fraud detection
capabilities. This partnership promised to curb fraudulent activities that pose
a threat to businesses.
According to the press release, fraudulent
transactions pose a substantial threat to businesses and consumers, with
projected annual costs exceeding $40 billion by 2027. Following this trend, FIS
is leveraging its partnership with Stratyfy to fortify its SecurLOCK card fraud
management solution.
Eric Kraus, the Head of Fraud Services at FIS,
mentioned: “With sophisticated fraudsters using new technologies to
increase fraud attacks, both businesses and consumers are facing more risk than
ever before. This new collaboration is a continuation of a commitment to
implement new technologies, helping businesses prevent fraudulent behavior to
protect the consumers they serve.”
Expect ongoing updates as this story evolves.
The global provider of financial services technology
solutions, FIS has collaborated with Stratyfy to boost card fraud detection
capabilities. This partnership promised to curb fraudulent activities that pose
a threat to businesses.
According to the press release, fraudulent
transactions pose a substantial threat to businesses and consumers, with
projected annual costs exceeding $40 billion by 2027. Following this trend, FIS
is leveraging its partnership with Stratyfy to fortify its SecurLOCK card fraud
management solution.
Eric Kraus, the Head of Fraud Services at FIS,
mentioned: “With sophisticated fraudsters using new technologies to
increase fraud attacks, both businesses and consumers are facing more risk than
ever before. This new collaboration is a continuation of a commitment to
implement new technologies, helping businesses prevent fraudulent behavior to
protect the consumers they serve.”
Expect ongoing updates as this story evolves.
