San Mateo, Calif. – Oct. 22, 2015 – Today Feedzai, a big data company that uses artificially intelligent, machine-based learning to prevent fraud, launched its Data Studio™ software. The new features will help organizations of any size to deploy advanced machine learning techniques to fight financial and payment fraud. The historical roadblock to leveraging big data is the shortage of data science and engineering teams that are required to develop data behavioral models in a realtime environment. Now, non-technical and business teams within organizations using Feedzai’s Data Studio can easily build, deploy and manage predictive analytics models to unlock the power of big data.

“Data continues to provide both opportunities and hurdles for businesses of all sizes and across all industries because analyzing complex data requires a deep understanding of data science, software engineering and big data principles,” said Nuno Sebastiao, CEO of Feedzai. “By putting a sophisticated, yet easy-to-use environment for data science modeling in the hands of all the teams and people who need it, we’re democratizing big data for our customers.”

“We’re unlocking the power of big data analytics that shape the future of global commerce,” said Todd Clark, General Manager STAR Network at First Data Corporation. “Increasingly, software like Feedzai’s is doing natively more and more of what data scientists do. Now, we have the capabilities to get our data modeling done within days and weeks, not months – with data science already built in.”

The Feedzai platform includes all the essential tools to manage fraud and risk. Accessible via the cloud or on-premise, it includes all the essential components to develop and manage predictive analytics to make commerce safe.

Feedzai was also recently named FinTech Forward Company to Watch. Determined by American Banker and BAI, the category is dedicated to ten up-and-coming financial technology solutions providers. A central objective of the FinTech Forward program is to identify the forces and trends that are motivating banks’ technology investment, as well as spotlighting new players that are shaking up the establishment. Feedzai was selected by BAI and the editorial team of SourceMedia for its compelling new offerings and solid business models.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]

San Mateo, Calif. – Oct. 13, 2015 – Feedzai, a data science company that uses real-time, machine-based learning to analyze big data and minimize risk in the financial industry, announced a new partnership today with Emailage, an innovative fraud prevention solution that gives merchants the ability to identify and leverage transactional risk based on a user’s email address. The two companies will provide their mutual clients with a machine learning solution that combines email risk assessment with fraud risk scoring to streamline transaction approvals and prevent fraud.

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Emailage’s Risk Assessment Solution assesses the probability that an email address will be linked to either a legitimate customer or a fraudulent transaction, and scores the email address based on its level of risk. This score is generated through an analysis of Emailage’s vast network of partners and customers, a database of known good and fraudulent emails in its Global Risk Assessment Network, and proprietary machine learning algorithms.

With the Emailage partnership, email becomes another key source of data that Feedzai’s machine learning software uses to detect fraud and minimize risks. Additional data sources used by Feedzai include session clickstream, access frequency, malware signatures, and social biometrics (as previously announced with partner Socure), among others.

“Emailage is proud to partner with the fintech innovators at Feedzai. Like Emailage, Feedzai is changing the way organizations leverage large amounts of data and state-of- the-art, machine learning algorithms to prevent fraud,” said Rei Carvalho, CEO of Emailage. “Our solutions complement one another extremely well and customers will benefit from this integration immediately, without any software or hardware to install.”

“Fraudsters get smarter as quickly as data comes in, and we need to be smarter, more nimble, and as thorough as possible – which means acquiring and analyzing all sources of data,” said Nuno Sebastiao, CEO of Feedzai. “Email is a global data identifier already collected in nearly every transaction, and adding this layer to our evolving and growing sources of data that we analyze and assess to mitigate the risk of fraud in real-time makes our algorithms smarter and keeps commerce safer.”

Feedzai’s Fraud Prevention That Learns™ technology combines big data and machine learning to arm customers with the tools they need to distinguish normal from abnormal behaviors, which can predict and prevent losses in real-time. The complex event processing software aggregates and processes high-volume streams of big data, including mobile and social data streams, to create deep learning profiles for each customer, merchant, product, 2 location or POS device, with up to a three-year history of data behind it. This analysis and process helps acquirers, issuers, and retailers mitigate risk, guard every transaction, and preserve the customer experience. Learn more about Feedzai at www.feedzai.com.

About Emailage:
Emailage provides intelligent fraud risk assessment using email address as the key data element to identify transactional risk and streamline transaction approvals. Our solution leverages its vast global consortium of data across all industries and utilizes powerful machine learning methods to interpret the key elements and characteristics of a fraudulent transaction. We are a scalable, enterprise SaaS technology that can be easily implemented and integrated through API or into existing fraud platforms to provide customized scoring rules that fit any workflow. Email addresses are universal data points that are already collected during most transactions. Put emails to work with Emailage to assess risk quickly, prevent fraud globally, and increase revenue. For more information, visit http://www.emailage.com

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]

San Mateo, CA and New York, NY – September 10, 2015 – Feedzai, a data science company that uses real-time, machine-based learning to analyze big data and minimize risk in the financial services industry, today announced a partnership with Socure, the industry leader in real-time online identity verification solutions. Working together, the two companies will provide their mutual clients with a “plug-and-play” solution that combines online and social data-based authentication with fraud risk scoring.

Feedzai will incorporate the Socure Social Biometrics™ Platform as part of its Fraud Prevention That Learns™ software to provide ultra-fast processing of Big Data to minimize fraudulent transactions, chargebacks and reduce manual reviews costs for financial institutions.

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Feedzai also announced updates to its software platform that provide improved risk management and fraud prevention solutions. Its powerful machine learning software is now being used for a variety of financial applications beyond transaction authorization, such as new account opening and loss prevention.

“Financial organizations today face many risks that were not present even a few years ago, like ‘card not present’ fraud and the large number of consumers who are creditworthy but credit history-poor,” said Nuno Sebastiao, co-founder and CEO of Feedzai. “At the same time, there is an enormous amount of data that these organizations can use, not only to provide better experiences for their customers and prospects, but to differentiate themselves in the marketplace as well. Over the last year, we’ve fine tuned our machine learning platform to help organizations manage risks and rationalize data output from various internal systems.”

With the Socure partnership, online and social data becomes another source of data that Feedzai’s software uses to detect fraud and minimize risks. Additional data sources used by Feedzai include session clickstream, access frequency, and malware signatures, 2 among others. Feedzai’s Fraud Prevention That Learns™ platform is now being used in the following cases outside of transaction authorization:

• Merchant Signup: Verifies, underwrites and monitors merchants against collusion and insolvency.
• Account Opening: Works to onboard and verify new account applications and “thin-file” applications.
• Chargeback Management: Prevents payment chargeback reversals, disputes, penalty fees or merchandise loss due to fraudulent sales. Information Services: Performs advanced data visualization through its analytics platform.
• Loss Prevention: Monitors internal processes and external data sources to protect against data exfiltration and employee collusion.

“The transaction fraud protection Feedzai provides for financial institutions is best of breed for the industry,” said Sunil Madhu, co-founder and CEO of Socure. “Social Biometrics from Socure is the perfect complement, making it even more powerful. The power of the joint solution from Socure and Feedzai is the biggest innovation to the B2C identity lifecycle for some time to come,” he added.

As instances of credit card fraud, identity theft, and related risks to financial payments systems continue to grow, the danger for private citizens, banks and other institutions takes an increasingly costly toll. Socure works to protect them by leveraging its patented Social Biometrics technology—at the cutting edge of analytics, machine learning, facial recognition and artificial intelligence.

Feedzai Fraud Prevention That Learns™ technology fuses big data and machine learning to allow analysts to distinguish normal from abnormal behaviors, which can predict and prevent losses in real-time. The software uses complex event processing to aggregate and process high-volume streams of big data, including mobile and social data streams, to create deep learning profiles for each customer, merchant, location or POS device, product, with up to a three-year history of data behind it. This analysis and process helps acquirers, issuers, and retailers mitigate risk, guard every transaction, and preserve the customer experience.

About Socure:
Socure (www.socure.com) is the leader in real-time online identity verification solutions. Its cloud-based solution allows enterprises to reduce third party identity and synthetic fraud, increase the acceptance of valuable customers and reduce the cost of compliance/manual review. Socure was founded in 2012 and is based in New York City.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]

Stephanie Cooley
Dotted Line Communications on behalf of Feedzai
415-254-0318
[email protected]

Steve Friedberg
MMI Communications on behalf of Socure
610.518.7474
[email protected]

San Mateo, California,  June 11, 2015 – Americans are banking and shopping in odd places these days. According to the online survey conducted by Harris Poll on behalf of Feedzai, a big data science company that uses real-time, machine-based learning to prevent fraud, nearly one-half (46 percent) of smartphone bankers are banking from their mobile phones in the bedroom. Additional findings show nearly one-third (30 percent) bank while in the bathroom and 13 percent while driving. Among online smartphone shoppers, 4 percent of them are shopping on their mobile phones while crossing the street or standing in line (18 percent).

Released today, the survey “2015 Consumer Banking and Shopping Behaviors: Sentiment on Personal Data” also reveals that Americans are equally as cautious about data breaches this year as last year. So it may not be a surprise that consumers are willing to give a financial institution access to their personal data in exchange for protection. Men, specifically, are more willing than women to share their mobile data (34 percent versus 28 percent), online activity (32 percent versus 26 percent) and social networks (26 percent versus 20 percent).

The study – highlighting shifting consumer behavior – was conducted online by Harris Poll on behalf of Feedzai from March 19-23, 2015 among 2,024 U.S. adults age 18 and older.

“People use their smartphones as a tool to shop and bank, even in the most liberal places, and leave behind an ever growing trail of digital data. Yet, consumers are still concerned about safety,” said Nuno Sebastiao, CEO of Feedzai. “As consumers begin to shift their behavior, we are right there as it happens—using artificial intelligence—to ensure that their financial information is being protected from the bad guys.”

Findings from the “2015 Consumer Banking and Shopping Behaviors: Sentiment on Personal Data” survey include:

You did what, where?! Multi-tasking in odd spots.

Smartphone users have been multi-tasking in unusual places.

• While making a banking transaction on their smartphone, 30 percent have done so in the bathroom, 13 percent while driving, and 46 percent are mobile banking from their bedrooms (this number increases to 60 percent for millennials between 18-34 years old). One-fifth (20 percent) of millennials have made a mobile banking transaction at a bar or while driving.
• Twenty-six percent of online mobile shoppers have shopped while in the bat Eight percent of 18-34 year olds have shopped on their mobile phones while crossing the street.

Men are more transparent when it comes to sharing their data.

Almost one-fourth (23 percent) of Americans would allow a financial institution access to their social network account, 29 percent would give access to online activity, and nearly one-third would give access to their mobile phone data (31 percent) in exchange for protecting their personal financial information from being stolen. Women are more likely than men to hold their data close to their chest.

• Men across the board are more willing than women to share their mobile data (34 percent versus 28 percent), online activity (32 percent versus 26 percent) and social networks (26 percent versus 20 percent) in exchange for this sort of protection.

• Overall, in all three categories, 27 percent of males would be willing to give up their data versus 19 percent of women.
• Almost half of males age 35-44 (45 percent) would allow institutions access to online activity, but only about a quarter of females the same age would do so (27 percent).

Going to the bank is a chore…for some.

Three in five (60 percent) Americans still enjoy going to their bank’s branch; however, more than one in 10 (12 percent) would rather go to the DMV than their bank’s branch.

• But banking behavior seems to be rapidly changing; 57 percent go to their bank’s branch significantly less than they did two years ago.
• Seventy percent agree that doing transactions at a physical bank is safer than online or mobile, but over half (55 percent) prefer doing their banking online or via mobile).

Another breach, another day.

Americans revealed that, although data breaches have been prevalent over the last year, it hasn’t changed their shopping behavior.

• Seventy-seven percent of consumers said they have not changed their shopping behavior as a result of recent data breac Last year, even though consumers were hit with high profile data breaches such as the Target and Neiman Marcus breach, even less consumers changed their shopping behavior at 73 percent.
• Over half of consumers indicated data breaches are to be expected as part of the experience of shopping with credit/debit cards (56 percent). Last year, 51 percent of consumers said the same.

Cash or credit? It depends.

While cash was once king and Americans believe it’s the safest way to make a purchase, fewer are using cash in 2015.

• Over half of Americans believe cash is the safest way to purchase something (55 percent) while only one in five (22 percent) believe paying with credit cards is safest.
• However, only 36 percent of consumers said they are using cash for more of their purchases in light of data breaches).
• More than half of Americans (56 percent) still think it’s safer to use credit cards in physical stores than online when shoppi In the Midwest the number spikes to 64 percent.

Survey Methodology

This survey was conducted online within the United States by Harris Poll on behalf of Feedzai from March 19-23, 2015 among 2,024 U.S. adults age 18 and older, among whom 706 have ever banked on their smartphone and 716 have ever made an online purchase on their smartphone. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact Jennifer Conway at [email protected] or 978-463-0289.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]

San Mateo, California, May 18, 2015 – Feedzai, a data science company that makes banking and commerce safe by using real-time, machine-based learning to analyze big data to detect and prevent fraud, today announced it has raised a $17.5 million Series B financing round. Oak HC/FT led the financing, along with existing investors, Sapphire Ventures (formerly SAP Ventures) and Espirito Santo Ventures.

The new financing will expand sales and engineering teams to help meet customer demand for the company’s software platform. In addition, Oak HC/FT’s General Partner, Patricia Kemp, and Venture Partner Jonathan Weiner, co-founder of Money20/20 and former Head of Global Business Development for Google Wallet and Payments, will join Feedzai in board of director roles.

“Fraud detection and prevention is an important investment opportunity in the U.S. and Europe,” said Patricia Kemp. “Feedzai’s capabilities in big data science and machine learning, combined with its strong management team, have enabled the company to create a powerful portfolio of fraud-prevention solutions for the world’s largest banks, retailers and payment providers.”

In the last year, Feedzai made rapid advancements, secured new customers across the globe, and analyzed more than 18 billion transactions—equivalent to more than

$760 billion in payment volume. The company’s fraud detection service API for developers handled over 300 percent more transactions in late 2014, demonstrating the resilience and demand for Feedzai’s solutions.

“Oak HC/FT has an exceptional track record of backing success stories in FinTech. We’re ecstatic that they have chosen to validate and invest in our momentum,” said Nuno Sebastiao, Feedzai’s CEO. “Patricia and Jonathan’s expert guidance will help us drive continued growth, especially in our customer base through non-traditional entrants like mobile, social and search companies that are increasingly handling financial services and transactions.”

Feedzai makes it easy for businesses to transform their management of risk and fraud into a real-time decision science. By making big data science easily accessible and available to people from all parts of a company, Feedzai unlocks the hidden value in the data to drive revenue growth.

Feedzai’s customers together amass total processed volume of more than 100 billion transactions globally. Select customers include First Data, Celfocus, Coca-Cola, Logica, Vodafone, Ericsson, and Servebase Credit Card Solutions.

Financial Technology Partners provided strategic and financial advisory services to Feedzai on the financing round.

About Oak HC/FT
Oak HC/FT (http://oakhcft.com/) is the premier venture growth-equity fund investing in Healthcare Information & Services (“HC”) and Financial Services Technology (“FT”). We are focused on driving transformation in these industries by providing entrepreneurs and companies with strategic counsel, board-level participation, business plan execution and access to our extensive network of industry leaders.

About Sapphire Ventures
Sapphire Ventures is focused on helping today’s most innovative technology companies become global category-defining leaders. Leveraging nearly two decades of experience and an extensive global enterprise network, Sapphire Ventures invests capital, resources and expertise to enable its portfolio companies to scale rapidly. Whether entrepreneurs sell to businesses, consumers or both, Sapphire Ventures offers a powerful platform for business development and operational excellence to help them accelerate growth. With $1.4 billion under active management via direct growth investments and an early-stage fund of funds strategy, Sapphire Ventures is uniquely positioned to elevate companies to the global stage. Find us in Palo Alto and London and at www.sapphireventures.com. Follow us @sapphirevc.

About Espirito Santo Ventures
ES Ventures is part of group Novo Banco, with more than €250M of assets under management, and invests in innovative companies all around the world. ES Ventures supports the best entrepreneurs and invests very selectively in early-stage innovative technologies and business models that best address the pressing global challenges of this century: environmental, demographical and global development.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]

San Mateo, California and London, England, Feb. 11, 2014 – Feedzai, a big data science and software company that uses real-time, machine-based learning to prevent fraud, today announced its Social Connector™ software that lets banks and consumers use social media infrastructure to make commerce safer. The new social connector enhances protection for financial institutions within omnichannel commerce, as social data is infused into Feedzai’s fraud prevention software to better predict and prevent payment loss in real-time.

The Feedzai Social Connector for its Fraud Prevention That Learns™ technology offers a way for consumers to connect their social media accounts on Facebook, Twitter, Google+ or Yelp to their mobile banking applications. Consumers can privately check in with their financial institutions to alert their bank of activity and location, which allows for greater control of false alarms, for example, while traveling or conducting out of character behavior.

“Consumers check in on Facebook over 1.8 million times a day, and some of that data can be helpful for authorizing financial transactions. I know first-hand that traveling internationally can be a huge red flag for authorizing transactions, and with this new connector, consumers can check in with their financial institutions before they travel to ensure they can continue to use their credit cards successfully on their trip,” said Nuno Sebastiao, CEO of Feedzai. “This will also help banks further understand their customers’ buying behavior, and reduce the number of flagged transactions that must be reviewed to provide better customer service.”

A study, “2014 Consumer Reaction to Financial Data Breaches” conducted online by Harris Poll on behalf of Feedzai in January 2014 among 2,047 U.S. adults ages 18 and older finds that one in five (18 percent) consumers who have a social media account/profile and are aware of recent data breaches would be willing to include their bank in their social media list of contacts in order to safeguard their money.

“Consumers need an incentive, such as keeping money safe, in order to connect with banks. By adding a financial institution to their circle of trust within a social network and as long as the communication is private, it will help to ensure that consumers will have seamless experiences while shopping, wherever they are on the channel they choose,” continued Sebastiao.

Feedzai’s Fraud Prevention Software That Learns™ utilizes machine learning to predict and prevent payment loss in real time based on behavioral analysis and understanding the way consumers behave when they make purchases. The software uses big data to create profiles on each customer, merchant, location or POS device, with up to a three- year history of data behind it, helping acquirers, issues and retailers mitigate risk and preserve the customer experience.

Feedzai is presenting a demo of this new technology for banks at FinovateEurope 2014.

Methodology

This survey was conducted online within the United States by Harris Poll on behalf of Feedzai from January 28-30, 2014 among 2,047 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact [email protected].

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]

San Mateo, Calif. – October 30, 2014 –Feedzai, a data science company that uses real-time, machine-based learning to analyze big data to make commerce safe, today announced it has surpassed analysis of data representing $750 billion in payment volume, and has found that the top date for card present fraud in 2013 was Black Friday.

In the analysis of its data, which represents over 17.5 billion transactions in both card present (CP) and card not present (CNP) environments, Feedzai also found the following:

• CNP Fraudsters are Bigger Spenders: The average CNP fraudster spends about $900 per card in five days, while CP fraudsters take seven days to spend an average of $450.

• CNP Fraud Spikes in November, CP Fraud Dominates Black Friday: In 2013, the 10 days with the most CNP fraud occurred in November. More than three times more CNP fraud occurs in November than in June (the month with the least CNP fraud). None of the top CNP fraud days in November were on Black Friday because they were busy with CP fraud. Shoppers—and fraudsters— flood brick-and-mortar retailers making Black Friday the day with the most CP fraud.

• Hot Hours for Fraudulent Activity: The most CNP fraud occurs between 12-1 pm, while CP fraud is more likely to occur between 4-5
• More Reasons to Hate Mondays: The highest rate of overall fraud occurs on Monday, and Sunday is the day that the fewest fraudulent transactions occ The most CP fraud occurs on Saturday, 42% higher than on Sunday, and the most CNP fraud occurs on Monday, 92% higher than on Sunday.
• Stolen Milk and Laptops: Grocery stores/supermarkets (25%) and home supply warehouse stores (8%) are top targets for CP fra Top merchant categories for CNP fraud include electronics stores (11%), discount stores (10.2%) and computers, peripherals and software (7.8%).

“As we approach the holiday season, we are bound to see more evidence in fraud, especially with CNP transactions, and it will likely be bigger this season than last,” said Nuno Sebastiao, Chief Executive Officer of Feedzai. “Fraudsters are also quickly shifting behaviors and targets as shoppers change behaviors. We expect that we will continue to see more cross-channel fraud this season as shoppers look to save time by ordering online and picking up in-store.”

Feedzai Fraud Prevention That Learns™ software uses big data, including mobile and social data streams, to create deep learning profiles for each customer, merchant, location or POS device, product, with up to a three-year history of data behind it.

This data helps acquirers, issuers and retailers mitigate risk, guard every transaction and preserve the customer experience.

Feedzai’s analysis looked at data from its clients worldwide through 2013.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]

San Mateo, Calif. – October 27, 2014 –Feedzai, a company that uses data science and behavioral profiling to prevent fraud, and Encap Security, the mobile authentication specialist, have announced a new partnership designed to support banks and merchants in making modern banking and commerce safe. The partnership will make Feedzai’s proven, machine-based fraud prevention platform compatible with Encap Security’s bank-grade, smarter authentication platform.

With the partnership, the two companies expand their ecosystem of pre-integrated, compatible solutions for banks and retailers to engage and protect the new mobile- empowered consumer—whether that’s for initial account opening or ongoing transacting and buying.

Feedzai uses deep behavioral profiling and big data science in its fraud management platform in order to establish a 360-degree safety net around every customer.

“Consumers are using more devices to conduct financial transactions and at the same time, are demanding more protection but with less intrusion into their commerce journey,” said Nuno Sebastiao, CEO, Feedzai. “Adding smart authentication and artificially intelligent risk engines on the back end offers safety without being obtrusive and penalizing good consumers, thus making modern commerce and banking safe—whether that’s online, in-person, or on mobile devices, anywhere and anytime.”

Encap Security turns any personal mobile device into a security credential, eliminating the burden of costly and cumbersome customer authentication methods such as SMS codes or hardware tokens.

“Consumers deserve a safe online experience whether you’re banking or making a purchase online or with your mobile device. Outdated technology such as passwords, SMS codes, and software tokens are not going to cut it,” said Adam Dolby, vice president of business development, Encap Security. “It’s time to think about security by focusing on the customer, not on the product. Consumers should have protection at all touch points where fraud can happen, without sacrificing security or convenience. The combination of Encap Security and Feedzai allows businesses to have an intelligent approach to verifying user identity and intent without causing any pain at all – in fact we’ll eliminate it.”

About Encap Security
Encap Security is the only dedicated software-based banking-grade authentication platform provider. It offers simple multi-factor authentication and digital signing for the banking and enterprise sectors. Encap turns any personal device into a security credential removing the need for cumbersome and costly SMS codes and hardware such as tokens and SIM-cards. Encap Security makes the step from username and password to convenient multi-factor security hassle-free.
Encap Security makes authentication simple for users, and enables innovation, reduces risk and drives service adoption for organizations.
Based in Oslo, Norway, and Palo Alto, USA, Encap Security’s world class management team has an unrivalled pedigree in mobile banking, finance, enterprise and remote access security. The patented Encap Security Smarter Authentication solution is used by major banking institutions, enterprises and technology integrators.
To learn more about Encap Security, visit www.encapsecurity.com

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]

San Mateo, Calif. – October 20, 2014 –Feedzai, a data science company that uses real-time, machine-based learning to analyze big data to make commerce safe, today announced it has signed a new customer in Brazil which is licensed by both Visa and MasterCard to accredit merchants. Feedzai will provide the Brazilian payments service provider and marketplace with the use of its software to detect and prevent fraud for all Visa and Mastercard transactions nationwide.

Brazil is Latin America’s top e-commerce market. The Brazilian cards and payments industry grew at a CAGR of 8.97 percent between 2008-2012 to reach a transaction value of $1.8 trillion BRL ($917.1 billion US) at the end of 2012. Continued growth is expected in the marketplace, as prepaid and EMV cards, as well as mobile payments continue to make traction in the marketplace.

Feedzai’s new customer in Brazil can handle more than 10,000 transactions per second, and is continuing to grow at a rapid pace. Feedzai Fraud Prevention That Learns™ technology fuses big data and machine learning to allow analysts to analyze data in real-time in order to detect merchant underwriting and transaction processing risks earlier. The software will help them to improve customer service by providing clear scoring explanations that provide for expedited reviews, reduce chargebacks and works on any channel – in-store, online or on mobile.

“As the 2nd largest card market in the world, Brazil poses many opportunities in the payments space, especially because Brazilians are demanding new and better ways to buy or sell both domestically and across borders,” said Nuno Sebastiao, Chief Executive Officer of Feedzai. “The fraud status quo is changing quickly particularly with growth of ecommerce where we see that for many of our merchants nearly $1 in $5 is a cross-border transaction, and nimble payment service providers like the ones we serve in Brazil can innovate rapidly to safeguard all commerce as this market evolves.”

Feedzai Fraud Prevention That Learns™ software uses big data, including mobile and social data streams, to create deep learning profiles for each customer, merchant, location or POS device, product, with up to a three-year history of data behind it. This data helps acquirers, issuers and retailers mitigate risk, guard every transaction and preserve the customer experience

To learn more about Feedzai, visit www.feedzai.com.

About Feedzai:
Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com.

Media Contacts:
Feedzai [email protected]