Mobile Payments are attractive not just to genuine consumers, but also to fraudsters who seek to make false transactions without the knowledge of the consumer.
Payments Fraud in Mobile & Value Added Services (VAS) can take a number of forms, including i-framing (overlay), re-directs and app malware.
With app malware, a consumer’s phone, infected with malicious code, pretends to be the consumer buying or subscribing to a service. Payment transactions can be generated without any interaction from the consumer, who may not be aware until checking their phone credit/ bill.
Empello’s proprietary solution FraudStop can be deployed on payment pages to provide the fullest defence possible against fraudulent payments and subscriptions.