Blockchain Registration Transaction Record

Orenda Integrates CyberloQ to Combat $36B Card-Not-Present Fraud

Orenda partners with CyberloQ to integrate advanced fraud prevention technology targeting $36B card-not-present fraud problem. Integration provides bank-grade security with seamless user experience.

This partnership directly addresses the massive $36 billion card-not-present fraud problem that affects consumers and businesses worldwide. For everyday users, this means enhanced protection against unauthorized transactions without the typical security friction that often complicates online purchases. As digital payments continue to dominate commerce, this integration represents a critical advancement in making financial transactions both secure and convenient. The elimination of vulnerable authentication methods like one-time passwords and knowledge-based questions means consumers won't have to remember complex security information while still enjoying robust protection against fraud. For businesses, this technology reduces financial losses from fraudulent transactions and helps maintain customer trust in digital payment systems. Given that CNP fraud accounts for over 70% of all credit card fraud, this development has significant implications for the entire e-commerce ecosystem and could help shape future security standards across the financial industry.