PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Yandex.Checkout Extends Its Cybersecurity System Opening It for All Businesses

PaymentsJournal by PaymentsJournal
June 4, 2018
in Press Releases
0
yeandex checkout

yandex checkout logo

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Yandex.Checkout is introducing a multipurpose fraud and scam protection product for all businesses – FraudDetector. It detects both behavioral and payment fraud, scam attempts, and abnormal patterns. Initially, FraudDetector was used as an internal system to protect 90,000 Yandex.Checkout partners from payment fraud while reducing their financial risks and maintaining payment conversion. The same system was then extended to 35 million Yandex.Money users, protecting them against wallet scams, account hacks, and theft. Now this service is widely available, with no installation or investment in IT infrastructure required.

FraudDetector can be applied to different business sectors, including e-commerce platforms, online games, payment and financial services, telcos, e-travel, logistics and subscription services, among others. It is based on big data collected by Yandex and powered by its machine learning algorithms, with unique fingerprints for each user. The program automatically analyses risks and detects fraudulent behavior and suspicious patterns, and assigns a FraudDetector score to help users take action. FraudDetector was designed to customize the learning process, triggering to monitor specific scenarios relevant to individual businesses. It is capable of detecting everything, from in-game currency theft and loyalty program account hacks to taxi ride scams.

In one of these cases, FraudDetector caught users taking unfair advantage of a bonus program. These users were creating fake accounts with disposable payment cards to get first-purchase bonuses. In another case, FraudDetector reduced stolen card fraud on an airline aggregation platform by dividing its customers into tiered risk groups, each with a customized authentication process.

Yulia Gorelova, Head of Payment Business at Yandex.Checkout, says: “Online business in Russia is rapidly evolving, while simultaneously becoming more vulnerable to fraudsters. FraudDetector has been successful in protecting a considerable number of Yandex’s users and partners. Now that we have opened up the platform, anyone can leverage FraudDetector to prevent online fraud, scams, or hacks in all their different forms, and we can adjust the product to meet the demands of any business, in any sector.”

To learn more about FraudDetector integration, please visit its page on Yandex.Checkout website.

Tags: Yandex.Checkout
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    On-Demand Webinar: Solving the Digital Onboarding Challenge​ – Increasing Conversions without Increasing Risk

    On-Demand Webinar: Solving the Digital Onboarding Challenge​ – Increasing Conversions without Increasing Risk

    February 8, 2023
    legacy infrastructure

    How Modernizing IT Can Help Banks Compete With Fintechs

    February 7, 2023
    Buy Now Pay Later BNPL, B2B BNPL

    B2B BNPL Offers a High-Potential New Chapter in Payments

    February 6, 2023
    eCommerce On Social Media, social commerce

    The Rise of Social Commerce and Social Payments

    February 3, 2023
    Electroneum AnyTask; ETN Crypto, sales enablement

    Ethical Financial Selling: The Role of Compliance Technology and Sales Enablement

    February 2, 2023
    direct deposit

    Nacha Launches Campaign to Reach Millennials on the Benefits of Direct Deposit

    February 1, 2023
    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Equinix report - Dojo Delivers Fast, Reliable and Secure Card Payments to Businesses on Platform Equinix