Tieto provides MillikartGroup with fraud management solution

Tieto, Nordic, IT services company, has created a fraud management solution for payment processing provider, Millikart.

The Card Suite Fraud Management includes prevention against e-commerce fraud with ongoing monitoring and protective facilities. It is also designed to adapt to new fraud so that it continues to provide the same protection, even when the nature of the fraud is altered.

Millikart is a rising start in payment card operation in the Caucasus region, eager to be able to offer its clients payment services with the added value of protecting them and their bottom line. "With our fraud management solution, MilliKart Group can now not only fulfill the requirements of international payment organizations, but also prevent the company from financial and reputational losses, thereby increasing customer trust and loyalty," says Director of Cards, Tieto Financial Services, Maris Ozolins.