Vogogo Cuts Fraud Mitigation Costs in Industry Awareness Bid
The recent $5m hack at leading bitcoin exchange Bitstamp may be evidence that fraud remains a pressing concern in the bitcoin business community. However, according to Vogogo CSO Rodney Thompson, the industry has yet to make a concerted effort to embrace solutions that can help mitigate that risk, which he described as dire given its proven ability to sink bitcoin businesses. He is hoping to add pressure that conversation, announcing that Vogogo will offer its fraud and risk management services as a standalone to all cryptocurrency businesses, and that it will waive the costs associated....
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Fraud mitigation and payment processing company Vogogo has recently announced the creation of a strategic partnership with E-comprocessing (ECP) - a subsidiary of UK-based payment processing company eMerchantPay Ltd. The deal ultimately enables Vogogo to offer its multitude of services in the European market, starting with the UK. According to the company's latest press release, they are now expecting to fully extend their payment processing and risk management services throughout the European market. On the other hand, European businesses now have a safe and secure option to conduct....
Calgary-based online payment services provider Vogogo, a platform that automates payment processing, regulatory compliance and risk management for businesses, including clients in the bitcoin and digital currency sector, has raised $8.5m in new funding. The round was led by Cormark Securities Inc and included Beacon Securities Limited, Canaccord Genuity Corp, Clarus Securities and Salmon Partners, with the capital aimed at helping the company expand its service beyond Canada to the US and Europe. Speaking to CoinDesk, Vogogo CSO Rodney Thompson said that his firm has become more actively....
This week, Vogogo announced in its second-quarter financial statements that leading Bitcoin companies, including BitPay, ChangeTip, Genesis Global Trading and Zinger, have integrated Vogogo's risk management/compliance products onto their platforms. Vogogo's services include customer verification, anti-money laundering and counter-terrorism finance compliance reporting, payment and rules engine and fraud mitigation. Global bitcoin payment services provider BitPay has integrated Vogogo's AML-CTF global compliance, which validates users against global watch lists and protects the platform....
Risk management and payment services company Vogogo offers impeccable fraud mitigation solutions for business level account holders. The crypto processor, which raised $12.5 million in funding this year, has been lately putting a special focus on creating compliance-focused solutions for bigger clients. The company believes that business level account faces more risks due to their accessibility towards more features and higher limits, and therefore deserve a liable model to safeguard themselves from fraud risks, regulatory risks and fraudulent merchants. "A fraudulent merchant account can....
Payment Processor Vogogo has announced a partnership with Knox payments that will allow US clients in the digital currency industry to accept payments from US bank accounts and have access to better commercial banking. The agreement between Vogogo and Knox Payments will combine Vogogo's Calgary-based regulatory and risk compliance specialist to Knox Payment's USD and domestic banking networks. This new partnership will give Vogogo the ability to significantly expand the services they offer within the US while creating a nurturing banking environment for digital currency companies. Also....