Fraud.net Included in FedNow Payment Service Provider Showcase
The award-winning fraud solution has been included in the FedNow Payments Platform for Federal Reserve Businesses.
NEW YORK, NY, USA, July 25, 2022 /EINPresswire.com/ — Fraud.net, a leading platform for comprehensive and customizable fraud prevention and risk management solutions, was recently included in the Showcases the Federal Reserve’s FedNowSM payment service providers as a fraud prevention solutions provider.
According to the Federal Reserve, “The FedNowSM Service Provider Showcase is a one-stop resource for connecting financial institutions and businesses with service providers who can help them innovate and implement instant payment products at the ‘FedNowSM service help’.
Whitney Anderson, co-founder of Fraud.net, shares, “We are thrilled to be recognized in this showcase for our award-winning solution. Real-time payments require modern, real-time risk management. end-to-end cloud-based, having reduced the risk of billions of transactions and applications, enables organizations to implement secure instant payments, supporting the FedNowSM mission with cutting-edge technology.
Check out the Fraud.net listing on the FedNowSM storefront.
About the Federal Reserve:
The Federal Reserve provides a central banking system in the United States, providing guidance to financial institutions and promoting the security of the payment and settlement system with services to banking institutions. FedNowSM is a new instant payment platform that Federal Reserve Banks will launch in 2023 to provide financial institutions of all sizes, and in any location across the country, access to secure instant payment services. and effective in real time, 24 hours a day.
Learn more at explore.fednow.org
Fraud.net operates an end-to-end digital risk management and revenue enhancement ecosystem designed for digital finance and commerce businesses worldwide. The cloud-based platform helps businesses detect and prevent digital fraud, money laundering, and other financial crimes, and automate customer onboarding and compliance workflows. The platform is built on a no-code/low-code architecture, natively integrated data and tools from over 50 leading risk management vendors, and bespoke AI models, all to enable businesses to make safer, smarter and more profitable decisions.
Learn more about Fraud.net.
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