Sontiq unveils patent-pending digital fraud protection for payments sector

By Pavithra R

Sontiq, an Intelligent Identity Security provider has announced the launch of a new disruptive pairing in FinTech for the payments sector- a patent-pending digital fraud protection system built to work with a broad array of electronic payment platforms, including cryptocurrency. 

The system leverages proprietary systems, including fraud protection and monitoring services such as credit & Dark Web monitoring, to verify credentials associated with specific user accounts. It also includes Sontiq’s Mobile Attack Control capabilities that helps in verifying if a mobile device involved in the receipt of the electronic payment has been compromised by any nefarious source.

“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. 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,” said Brian J. Longe, President and CEO of Sontiq.

Sontiq’s Digital Fraud Protection System also monitors fraud on devices connected to payment platforms. It can potentially detect and alert the sender if a phone connected to the payment platform Terminal was jailbroken or compromised.

Sontiq was formed in 2019, when EZShield, a portfolio company of The Wicks Group and a leading digital identity protection and resolution provider, acquired IdentityForce, identity theft protection provider for businesses and consumers. The firm provides a full range of identity monitoring, restoration, and response products & services that empowers customers to be less vulnerable to the financial and emotional consequences of identity theft and cybercrimes.