A real-world example of Sontiq’s patent-pending Digital Fraud Protection System occurs around Electronic Check Payments. If during the transmission of an eCheck, Sontiq identifies that the recipient’s email is fraudulent or has been potentially compromised, its Digital Fraud Protection System would then alert the sender, before the payment is transmitted. Sontiq’s Digital Fraud Protection System can also monitor fraud on devices connected to payment platforms. In this case, Sontiq can potentially detect and alert the sender if a phone connected to the payment platform Terminal was jailbroken or compromised.
“Our patent-pending Digital Fraud Protection System is a Fintech disruptor in the payments industry, as it’s platform agnostic and focused on protecting consumers’ extended digital financial footprints,” said Brian J. Longe, President and CEO of Sontiq. “This latest innovation is an additional component of our cloud-based Intelligent Identity Security platform. We will continue to transform the identity theft protection industry with proprietary, world-class, innovative features focused on fraud protection and increased security and privacy of the identities we are responsible for.”