TPS & IBM co-hosted a half day ‘Digital Payments & Combating Fraud’ conference in Dubai, UAE where they introduced IBM Safer Payments, World’s Number 1, multi-channel fraud prevention solution for cashless payments.
A new addition to IBM’s Watson Financial Services portfolio, Safer Payments is a multi-channel fraud management solution which is being used by some of the largest banks and payment processors in the world.
IBM experts at the conference demonstrated how IBM Counter Fraud Management for Safer Payments can provide tailored fraud prevention solution for all cashless payment channels including Credit or Debit Cards, ATMs, Digital Banking Platforms, Mobile Wallets, Payment Switches, Ecommerce Gateways, as well as ACH and Wire Transfers.
As banks are undergoing the transformation to become cognitive banks, TPS & IBM joined forces to offer safer consumer and commercial payments while utilizing real-time cognitive fraud detection strategies to counter financial crime and ensure regulatory compliance.
