Payments On Fire

The task of risk management in the payments business keeps getting bigger. Where once the concern was confined to payments alone - starting with counterfeit checks and currency - payment electronification has created a universe of potential risks. Risk now includes fraudulent cards, system and network hacks, data breaches, and account takeover with all the havoc that can produce. And we’re seeing how these impact the reputation and value of businesses even when the hack has nothing to do with payments. (By the way, bogus checks and counterfeit twenties are *still* a problem.) We’ve touched on this topic in multiple ways on Payments on Fire®. We’ve spoken with Ethoca about its data sharing capabilities. We’ve spoken with Feedzai about its AI and machine learning technology. We’ve spoken with White Pages Pro and its data correlation capabilities. And we’ve spoken to companies deeply involved in the problem of online identity. Each of those has a particular approach, a particular technology, or a combination of