Cashfree Payments intros risk management solution

Cashfree Payments, a payments company based in India, announced RiskShield, a risk management tool for payment gateways. The company aims to reduce fraud, chargebacks and disputes, according to a press release.

The solution uses AI to detect fraudulent transactions patterns and protect merchants from loses. Merchants can use controls to define specific rules for their industry with RiskShield.

"As one of the largest payment service providers, it's our responsibility to make the ecosystem safer and more secure for Indian businesses. We built 'RiskShield' to empower merchants to fortify their defense against fraudulent transactions," Akash Sinha, CEO and co-founder, Cashfree Payments, said in the release. "This product is a result of years of Cashfree Payments' research and analysis of high-risk transactions into a set of tools that merchants can now use as a complete risk management solution through which they can curb cybercrime. We believe RiskShield will redefine the security landscape of online transactions in India, offering merchants unparalleled protection and peace of mind."