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Feedzai’s investors<ref>{{cite web|last1=Novellino|first1=Teresa|title=Too late for Target, but Feedzai credit-card fraud startup launches in U.S.|url=http://upstart.bizjournals.com/companies/startups/2014/01/29/feedzai-credit-fraud-team-in-us.html?page=all|website=Upstart Business Journals|publisher=Upstart Business Journals|accessdate=10 June 2014}}</ref> are SAP Ventures, big data investment firm Data Collective, and other international investors for a total of $4.3 million. |
Feedzai’s investors<ref>{{cite web|last1=Novellino|first1=Teresa|title=Too late for Target, but Feedzai credit-card fraud startup launches in U.S.|url=http://upstart.bizjournals.com/companies/startups/2014/01/29/feedzai-credit-fraud-team-in-us.html?page=all|website=Upstart Business Journals|publisher=Upstart Business Journals|accessdate=10 June 2014}}</ref> are SAP Ventures, big data investment firm Data Collective, and other international investors for a total of $4.3 million. |
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Revision as of 22:18, 10 June 2014
Feedzai is a data science company[1] that detects fraud in omnichannel commerce. The company[2] uses a mix of big data, machine learning and human intelligence to identify fraudulent payment transactions throughout the world, including North America, South America, Europe and Africa[3].
Feedzai is headquartered[4] in San Mateo, California with offices in Portugal and London and is founded by a team of aerospace engineers and data scientists.
Feedzai’s investors[5] are SAP Ventures, big data investment firm Data Collective, and other international investors for a total of $4.3 million.
References
- ^ Groenfeldt, Tom. "Feedzai Brings Machine Learning And Data Science To Payment Fraud". Forbes. Forbes. Retrieved 10 June 2014.
- ^ "Jan. 30, 2014 Feedzai Launches Omnichannel Fraud Solution in U.S.European data-science company Feedzai unveiled its antifraud technology today in the U.S. The company said its platform uses machine-based learning in real time to fight fraud in the e-commerce, mobile and physical sales channels. The company has integrated its technology with payment providers, issuers, acquirers and retailers in Europe, South America and Africa. In the U.S., where recent security breaches at Target, Neiman Marcus and now, evidently, Michael's have made risk management an even hotter topic than usual, Feedzai's solution will analyze Big Data to anticipate card-not-present fraud and detect it earlier, according to Nuno Sebastiao, the company's CEO. "As the 2013 retail season just closed, the discussion of fraud in omnichannel commerce bubbled to the surface due to a number of data breaches. Consumers are buying across physical and digital channels and it is important for fraud prevention systems to work across all technologies, from legacy systems to new mobile card readers," said Sebastiao. "Online sales are still hovering around 6 percent of all retail sales, and recent events have shown that fraud is not just an online problem. Our software has the ability to analyze data from any platform to detect breaches by as much as ten days earlier than other solutions and expose more fraud cases, all with lower false alarms." Feedzai clients include Coca-Cola, Logica, Vodafone, Ericsson, SIBs Payment Solutions, Horizon Wind Energy, and Servebase Credit Card Solutions. The company has raised $4.3 million so far from investors including SAP Ventures and Data Collective. Sebastiao, whose background features a stint at the European Space Agency helping develop its satellite simulation infrastructure, recently sat down with CardNotPresent.com to discuss the evolution of alternative payment providers and their role in disrupting the traditional payment network. Eckoh Nabs U.S. Distribution Deal - June 9, 2014 Eckoh Nabs U.S. Distribution DealEckoh, a U.K.-based provider of security technology for call centers, today revealed it has signed a partnership securing distribution in the U.S. CNP Fraud in U.K. Sees Bump after Several Years of Decline - June 9, 2014 Groupe Casino Files for U.S. E-Commerce IPOThe UK Cards Association Annual Report 2014 reports that from January to June of 2013, online fraud losses jumped to £142 million ($240 million). 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EMV Group Offers Technical Solution to EMV/Durbin Conundrum - May 1, 2014 EMV Group Offers Technical Solution to EMV/Durbin ConundrumThe EMV Migration Forum on Tuesday released a recommended technical framework for debit cards that resolves the conflict between implementing EMV for debit cards and complying with the network routing requirements of the Durbin Amendment. Equifax Secures another M-Commerce Partnership - May 1, 2014 Equifax Secures another M-Commerce PartnershipData aggregator and consumer-credit score provider Equifax has partnered with mobile marketing and services provider Zumigo to develop a system that streamlines m-commerce checkout and payments. Advertise with us: Advertisement SIGN UP TODAY FREE Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues. Please take a moment and register. * First Name: * Last Name: * Password: * Confirm Pwd: * Email: * Category: Company: Captcha Answer: CNP ARCHIVE Researching companies or people in the CNP industry? Search our past coverage for targeted news and information. Search here". CardNotPresent.com. CardNotPresent.com. Retrieved 10 June 2014.
{{cite web}}: horizontal tab character in|title=at position 27970 (help) - ^ "US: Feedzai launches fraud prevention platform". The Paypers. Retrieved 10 June 2014.
- ^ Carney, Michael. "European anti-fraud specialist Feedzai launches in the US, promises safer payments through big data". Pando.com. Pando.com. Retrieved 10 June 2014.
- ^ Novellino, Teresa. "Too late for Target, but Feedzai credit-card fraud startup launches in U.S." Upstart Business Journals. Upstart Business Journals. Retrieved 10 June 2014.