GreenBox POS, LLC’s (GRBX) TrustGateway Blocks Fraud with Blockchain
Bankcard fraud to cross $6 billion in 2018 TrustGateway blockchain technology uses biometrics to block fraud System under consideration by two major U.S. commercial banks The maturation of ecommerce has been a boon to consumers everywhere, turning the world into one global marketplace. Now, though you live in America, you can order goods from China; you can shop on Amazon even though you live in the Himalayas (http://cnw.fm/7eiMW). Naturally, such trade involves customer-not-present (CNP) transacting, which is providing great opportunity for fraud. CNP fraud accounts for 70 percent of card fraud (http://cnw.fm/d45Hg). For 2018, it is projected to reach $6.4 billion in…