December 15, 2021
At Fraudio we are pleased and honoured to announce our working relationship with a new client, ePayco. This partnership will allow Fraudio to apply our advanced fraud detection expertise while also expanding our client base even more into the LATAM region. Clients like these contribute to the strength of our technology, our success and our growth.
This partnership empowers ePayco to keep their onboarding process instant, their integration easy and simple. Providing a flexible combination of automation and rich reporting, we enable ePayco's team with agility in their decision-making process to combat payment and merchant initiated fraud. The goal of the partnership is to enable rapid and sustainable growth for ePayco in the coming years while minimising the effects of payment and merchant-initiated fraud.
The CEO of ePayco, Juan David Rua added: “We chose Fraudio as a provider for two main reasons. First, to leverage their AI that is already learning from billions of transactions. Second, Fraudio focuses on serving the payment industry and their team has a deep knowledge and understanding of our needs.”
The CEO of Fraudio, João Moura added: “We are happy to announce ePayco, as a customer and a contributor to our network. Being a well-established player in the payments scene in Colombia, this relationship allows us to strengthen our position not only in this country but in the region as a whole as they are expanding into Peru, Mexico and Ecuador.”
A Colombian payment gateway that facilitates online purchases through a very simple step-by-step process, in which the credit card data is entered only once, sending the transaction confirmation to their customers through a text message to a previously registered phone number. Epayco is revolutionizing online shopping nationwide as it has been in the market since 2011, and its solutions power more than 95,000 merchants and allow more than 5 billion users to process secure payments.
A pioneering cloud-based SaaS solution, Fraudio connects payment service providers, merchant acquirers, issuers, and other players in the payments chain to a powerful, centralized, AI / smart brain. Using this Plug & Protect technology platform, designed to fight complex payment fraud and financial crime, Fraudio protects clients from payment fraud, merchant-initiated fraud and money laundering.
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