CLOUD SOLUTIONS

The patent , titled Systems and Methods for Detection of Online Payment Mechanism Fraud , empowers merchants to strike back against fraudsters attempting to buy digital goods with a stolen payment mechanism . The system uses Artificial Intelligence to identify with extremely high certainty that the transaction is fraudulent . Rather than declining the transaction , the merchant approves the transaction and delivers a zero-balance gift card .

“ Fraudsters who try to sell a worthless gift card on the dark web will see their reputation tarnished in their world and will have difficulty continuing to operate under the same username ,” said Alex Zeltcer , CEO of nSure . ai . “ These transactions will become a waste of their time and money . The fraudsters will ultimately leave those digital merchants alone and move on to others to conduct their business .”

This patent follows another received by nSure . ai in May 2020 . The company received patent titled Systems and Methods for Detecting Fraudulent Use of a Serial Code for Accessing an Associated Value Stored on a Network . That patent prevents fraudsters from conducting brute-force balance checks to find account numbers with a balance . When the system identifies that this attack is underway , it displays false balance values , so the fraudster is unable to know which cards actually have a balance and which are fakes .

nSure . ai is committed to disrupting the fraud prevention space for digital goods and enabling seamless and secure d-commerce and payments across digital platforms . It uses Artificial Intelligence to empower digital merchants to approve up to 95 % of their transactions – and contractually guarantees it . Its unparalleled ability to identify fraudulent transactions enables it to confidently send zero-balance gift cards to criminals and recognise bruteforce balance checks . �

58 www . intelligentfin . tech