Nets News

Nets unveils Nets Passport Reader solution to bridge the gap between physical ID documents and digital identification

Nets, a renowned European payment and financial solutions company, has announced introducing a completely new way to identify customers securely from a distance. The Nets Passport Reader service bridges the gap between physical ID documents and digital identification, with the help of a simple smartphone app. The service has no geographical limitations and is compatible with passports from over 130 countries. Demand for digital identification is growing rapidly and will likely only increase, gi...

Nets and KPMG release whitepaper on exploring the power of Artificial Intelligence in fraud prevention

Man and machine form the perfect pair when it comes to fighting payment fraud, according to a new whitepaper from European payments solution firm, Nets and multi-national professional services provider, KPMG. Fighting Fraud with a Model of Models explains how utilising human expertise in combination with artificial intelligence (AI) and machine learning (ML) technologies can significantly increase the accuracy of fraud prevention services. Fighting Fraud with a Model of Models Fighting Fraud...

Nets and KPMG collaborate on AI-enabled anti-fraud payment solution

Nets, renowned company in the European payments industry, has collaborated with multinational professional services provider, KPMG, to develop Nets Fraud Ensemble, a next-generation fraud monitoring and prevention solution. As the total annual value of fraudulent transactions across Europe hits €1.8 billion, the need to step up fraud prevention, particularly in card not present (CNP) transactions, has never been greater. Reducing transaction fraud is an increasingly convoluted and nuanced...