<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Form3, a cloud-based payment processing platform, partners with Portugal-based Feedzai, an anti-fraud and financial crime software provider, to launch an authorized push payment (APP) fraud prevention solution.
      </p>
    </li>
    <li>
      <p>
        Through this partnership, Form3 plans to combine its payment processing solution with Feedzai's fraud analytics to create a model that identifies risks in payment transactions, aiming to detect 95% of fraud with standard false positive rates.
      </p>
    </li>
    <li>
      <p>
        This launch follows regulatory changes from the Payment Systems Regulator, which mandate banks to refund victims of APP fraud starting October 2024. This makes both the sending and receiving institutions responsible for reimbursement.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.form3.tech/news/press-releases/form3-and-feedzai-launch-industry-first-app-fraud-solution">
      Press release
    </a>
  </p>
  <p>
    <a href="https://www.finextra.com/pressarticle/100133/form3-and-feedzai-launch-app-fraud-prevention-product?utm_medium=rssfinextra&amp;utm_source=finextrafeed">
      Finextra
    </a>
  </p>
  <p>
  </p>
</div>


FinTech Infrastructure

PROMINENT_CATEGORY

<div>
 
 <p>Form3, a cloud-based payment processing platform, has joined hands with Portuguese financial crime software provider, Feedzai, to introduce an authorized push payment (APP) fraud prevention solution.</p>
 
 <p>The main idea behind this collaboration is to integrate Form3's payment processing software with Feedzai's fraud analytics. This integrative approach is to design a unique model that identifies potential risks in payment transactions with an aim to detect approximately 95% of fraud maintaining standard false positive rates.</p>
 
 <p>The implementation of this solution comes in the light of new regulations set by the Payment Systems Regulator. Starting from October 2024, these regulations make it obligatory for banks to refund the money lost by victims of APP fraud. These new rules hold both sending and receiving institutions liable for reimbursement.</p>
 
</div>

Form3 partners with Feedzai to launch APP fraud prevention solution

ANALYST_QUICK_TAKE

<div>
 <ul>
  <li><p>Sweden-based <strong>Klarna</strong>, a BNPL provider, has partnered with <strong>Form3</strong>, a cloud-based payment processing platform, to utilize Form3's extensive payment processing capabilities supporting European transactions and payments.</p></li>
  <li><p>Through this partnership, Klarna intends to leverage Form3’s SEPA instant, credit transfer, and direct debit connectivity to process transactions and payments with its active customers and merchants in Europe.</p></li>
 </ul>
</div> <p><b>Analyst QuickTake</b> : Today's partnership news comes nearly four months after Form3 completed testing and secured its <a href="https://sp-edge.com/updates/20436"> FedNow SM Service certification </a> . Moreover, last month, <a href="https://sp-edge.com/updates/23010"> Thought Machine partnered with Form3 </a> to leverage this certification to offer real-time payment processing in the US and Europe.</p>

Klarna partners with Form3 to support European payment processing

Buy Now, Pay Later

<div>
  <ul>
    <li>
      <p>Sweden-based Klarna, a BNPL provider, has partnered with Form3, a cloud-based payment processing platform, to utilize Form3's extensive payment processing capabilities supporting European transactions and payments.</p>
    </li>
    <li>
      <p>Through this partnership, Klarna intends to leverage Form3’s SEPA instant, credit transfer, and direct debit connectivity to process transactions and payments with its active customers and merchants in Europe.</p>
    </li>
  </ul>
</div> <p><b>Analyst QuickTake</b> : Today's partnership news comes nearly four months after Form3 completed testing and secured its <a href="https://sp-edge.com/updates/20436"> FedNow SM Service certification </a> and <a href="https://sp-edge.com/updates/23010"> Thought Machine partnered with Form3 </a> to leverage this certification to offer real-time payment processing in the US and Europe (last month).</p>

DISRUPTOR_PRESENT

<div>
 <ul>
  <li><p>Thought Machine has partnered with Form3 to expand its payment processing for banks and financial institutions in the US and Europe.</p></li>
  <li><p>Thought Machine will use Form3's payment network and certifications including FedNow Service, The Clearing House’s RTP, and SEPA Instant Credit Transfer integrated with its Vault payments platform to offer users direct payment connections with faster processing speeds.</p></li>
 </ul>
</div> <p><b>Analyst QuickTake: </b> Today’s partnership news comes nearly three months after Form3 completed testing and secured its <a href="https://www.prnewswire.com/news-releases/form3-completes-certification-for-federal-reserves-new-instant-payment-service-301885154.html"> FedNow SM Service certification </a> , which Thought Machine plans on leveraging to enhance its Vault payments platform offerings.</p>

Thought Machine partners with Form3 to offer real-time payment processing in US and Europe

Payments infrastructure provider Form3 has secured an undisclosed investment from Visa. The two firms are also expanding their commercial partnership, enabling Visa's clients to use Form3's payment platform. Additionally, the partnership aims to enhance the security of real-time account-to-account payments by reducing fraud.

All Updates

Form3 partners with Feedzai to launch APP fraud prevention solution

Klarna partners with Form3 to support European payment processing

Klarna partners with Form3 to support European payment processing

Thought Machine partners with Form3 to offer real-time payment processing in US and Europe

Form3 received undisclosed investment from Visa

Form3 obtains FedNowSM Service certification

Soldo partners with Form3 to access account-to-account payments

Form3 raises EUR 23 million in venture debt funding