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.
