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The E-wallet Fraud Detection project aims to enhance security for mobile wallet users by implementing an offline fraud detection system. This technology uses algorithms on smartphones to prevent unauthorized transactions, thereby reducing credit card fraud and identity theft in both in-store and online environments.
EFD (e-wallet Fraud Detection) aims to provide people with a tool that will dramatically improve credit card frauds and false identity thefts.
To date the cost of credit card frauds and false identity thefts worldwide amount to billions of dollars annually.
The objective of this project is to implement the e-wallet Fraud Detection (EFD) system and support Self Safe Ltd (SSafe) in becoming a leading provider of mobile fraud detection tools to the emerging market of mobile e-wallets. EFD system ob…
PAYGILANT LTD
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