BOSTON–(BUSINESS WIRE)–Sontiq, the chief in Clever Identification Safety, in the present day introduced a brand new disruptive pairing in Fintech for the funds sector – a patent-pending Digital Fraud Safety System designed to work with a broad array of digital fee platforms, together with cryptocurrency. The system makes use of proprietary programs, together with fraud safety and monitoring companies comparable to credit score and Darkish Net monitoring, to confirm credentials related to specific person accounts. It will probably additionally embrace Sontiq’s Cellular Assault Management™ capabilities to confirm if a cell machine concerned within the receipt of the digital fee has been compromised by a nefarious supply.
An actual-world instance of Sontiq’s patent-pending Digital Fraud Safety System happens round Digital Examine Funds. If in the course of the transmission of an eCheck, Sontiq identifies that the recipient’s e-mail is fraudulent or has been probably compromised, its Digital Fraud Safety System would then alert the sender, earlier than the fee is transmitted. Sontiq’s Digital Fraud Safety System may monitor fraud on units related to fee platforms. On this case, Sontiq can probably detect and alert the sender if a cellphone related to the fee platform Terminal was jailbroken or compromised.
“Our patent-pending Digital Fraud Protection System is a Fintech disruptor in the payments industry, as it’s platform agnostic and focused on protecting consumers’ extended digital financial footprints,” mentioned Brian J. Longe, President and CEO of Sontiq. “This latest innovation is an additional component of our cloud-based Intelligent Identity Security platform. We will continue to transform the identity theft protection industry with proprietary, world-class, innovative features focused on fraud protection and increased security and privacy of the identities we are responsible for.”
Sontiq is an Clever Identification Safety firm arming companies and shoppers with award-winning merchandise constructed to guard what issues most. Sontiq’s manufacturers, EZShield and IdentityForce, present a full vary of identification monitoring, restoration, and response services that empower prospects to be much less susceptible to the monetary and emotional penalties of identification theft and cybercrimes. Sontiq is a portfolio firm of the Wicks Group. Be taught extra at www.sontiq.com or interact with us on Twitter, Fb, LinkedIn, or YouTube.
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