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VoguePay advocates reduction in e-payment fraud

Players in the Nigerian financial sector have been urged to strategise on reducing fraudulent activities in online transactions. The co-founder and chief technology officer of…

Players in the Nigerian financial sector have been urged to strategise on reducing fraudulent activities in online transactions.
The co-founder and chief technology officer of VoguePay, Mr. Leke Ojikutu, made the call in Lagos at an interactive session with journalists.
He noted that online fraud has tendency to affect everyone who makes or accepts payments online partly because it is easier to steal anonymously and tracking down someone over the Internet and prosecuting them is difficult and almost impossible.
Ojikutu said one of the key steps to eliminating online fraud is to be able to recognise it before card transactions.
He stressed the need for collaboration between payment processors, card issuers and security agencies in terms of reporting and investigating incidents and apprehending perpetrators.
This he said is why VoguePay has evolved with several anti-fraud protocols and intelligent approaches to eliminate possibility of fraud and/or stop it before it succeeds.
 

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