Wflq Visa s Provisioning Intelligence Service Wages War Against $450 Million in Token Fraud
The great digital shift 鈥?and the rising tide of eCommerce 鈥?has placed greater pressure on
stanley cupe companies to verify their customers and guard against account takeovers.To that end, late last week Equifax said it had reached a deal to acquire fraud prevention and digital ID firm Kount for $640 million.As reported, the deal will enable Equifax to boost its global presence in digital ID and fraud prevention, including through the Kount Identity Trust Global Network. That network, in combination with Equifax, will use advanced technologies to connect data signals that stem from 32 billion online interactions, five billion annual transactions and 17 billion unique devices across the globe, as the company said in its announcement tied to the acquisition.The deal聽is anticipated to close in Q1 of 2021.In a Monday Jan. 11
stanley website call with investors to discuss the acquisition, Equifax CEO Mark Begor, Equifax CFO John Gamble, and Sid Singh, president of Equifax United States Information Solutions USIS , said the deal cements the artificial intelligence AI -driven fraud defenses that are vital in an eCommerce market worth trillions of dollars across the globe.On a company-wide basis, Begor said the announcement is an important strategic step for Equifax as we accelerate the growth of our identity and
stanley nz fraud business. Equifax has estimated that the total addressable market for the combined firm is worth $35 billion annually via the total fraud risk and authentication markets , and tha Ereq Investment Management Firm Upgrades to Automated Expense Software
Software is no longer the abstract, complicated kind of technology only handled by the IT department. Today, if a professional wants to purchase some kind of software 鈥?like an email tracking solution for the marketing team or a lead generation tool for the sales team 鈥?its as easy as online shopping.The rise and subsequent democratization of Software-as-a-Service has pulled organizations into the cloud and offered new opportunities for efficiency. But its created a headache not only for IT departments but for the procurement team as well, as any employee can buy a SaaS solution. You have a lot more people buying software
stanley kubek and doing it whenever they have a need, explained Cory Wheeler, VP of services at SaaS optimization company Zylo, in a recent interview with PYMNTS. Your company is buying a heck of a lot more software than they ever used to buy, because they used to go through IT. It used to be centrally managed. Zylo CEO Eric Christopher added that the procurement of SaaS is no longer funneled through a single point in a company. One SaaS provider might be paid
stanley website stanley termohrnek out of tens of budgets. It may come out of many different departments, and that means a lot of challenges internally, he explained.This situation has聽created a need for the IT and procurement teams 鈥?and the enterprise overall 鈥?to gain visibility into what software theyre procuring and how much theyre spending on it.Rogue procurement is one common issue for corporations. Research released in 2015 from Wax Digita
