SEON has partnered with digital remittance leader, Felix Pago, to improve trust in the world of cross-border payments.
In brief:
-Felix Pago, a US fintech that specializes in remittance payments, utilized SEON’s powerful phone and email lookup tool to cut its fraud rates to almost 0% while delivering a 100% improvement in detecting multi-accounting users and significantly lowering dropout rates experienced through the verification process
-In doing so, the company’s solution has provided Felix Pago’s team with 90% more confidence in accepting or rejecting transactions.
-SEON wanted to help Felix Pago fortify its authentication process and further improve trust in the field of cross-border digital payments.
What does this mean?
Tamas Kadar, CEO and Co-Founder of SEON commented: “Our solution aligns perfectly with Felix Pago’s system and has enabled them to generate more actionable intelligence insights from a number of highly relevant social signals. We’re enabling the company’s team to catch more bad agents, while ensuring that good actors can continue to send money without friction.
