Cashfree Payments launches risk management solution

India-based payments company Cashfree Payments has announced the launch of RiskShield, a risk management tool for payment gateways. The company’s goal is to reduce fraud, chargebacks and disputes, according to a press release.

The solution uses artificial intelligence to detect fraudulent transaction patterns and protect merchants from losses. Merchants can use RiskShield’s controls to define rules specific to their industry.

Akash Sinha, CEO and Co-Founder said, “As one of the largest payment service providers, we have a responsibility to make the ecosystem safer for Indian businesses. We built ‘RiskShield’ to help merchants strengthen their defenses against fraudulent transactions. ”, cashless payment, stated in the press release. “This product is the result of years of research and analysis of high-risk transactions by Cashfree Payments, resulting in a suite of tools that merchants can now use as a complete risk management solution through which to curb cybercrime. We We believe RiskShield will redefine the security landscape of online transactions in India, providing merchants with unparalleled protection and peace of mind.”