Feedzai provides risk screening for fiat payments


Frictionless payment specialist Trust Payments partners with Feedzai to provide its customers with better risk management services. To that end, Trust Payments will integrate Feedzai’s RiskOps solution with the rest of its portfolio to help businesses monitor for signs of fraud in their online interactions with customers.

RiskOps is a cloud-based fraud prevention offering that analyzes a number of different factors to assess the level of risk present during a transaction. The solution can verify the device the customer is using and leverages behavioral biometrics through Feedzai’s acquisition of Revelock in August. Revelock’s technology is able to create a profile of each user and can notify administrators if it detects deviations from someone’s normal patterns.

In addition to behavioral biometrics, the RiskOps solution comes with malware detection and anti-money laundering utilities. Trust Payments, on the other hand, provides a host of banking and payment services to retailers and e-commerce businesses. The two new partners announced their multi-year agreement at Money20/20 Europe.

“We are delighted to partner with Feedzai to ensure that our convergent commerce vision can be supported by their strong risk management offering,” said Trust Payments Group CEO Daniel Holden. “This partnership will reinforce our commitment to a benchmark risk framework to help deliver trusted trading solutions to our clients around the world.”

“We are delighted that Trust Payments is implementing our RiskOps solution to ensure their teams have a single platform to manage all things fraud and financial crime,” added Feedzai CEO Nuno Sebastião.

Feedzai has provided total funding of $282 million and is currently valued at $1.5 billion in its Series D stage. fraud rates, with purchase schemes (in which a fraudster accepts payment for a product that does not exist) being one of the most popular techniques among cybercriminals.


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