March 30, 2016 – Paybefore has selected Global Protect as a 2016 Pay Awards winner in the Fraud Fighter category. For 10 years, Pay Awards has conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile and emerging payments industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for payments executives.
"We are proud that our Global Protect technology has won the best-in-category honors," stated Joseph F. Purcell, President and CEO of Global Cash Card. "Since the full implementation of the technology, we have seen elimination of cross-state card present fraud. The technology allows our cardholders to rest easy knowing that their funds are protected with our fraud fighting technology."
Global Protect was selected by an expert judging panel that evaluated nominations from around the world.
“We’ve been recognizing excellence and innovation in payments for 10 years. Once again, we saw nominees from across the globe tackling payments problems with mastery and ingenuity,” says Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “From Silicon Valley startups to established powerhouses, the winners in this year’s competition reflect a dynamic industry with no sign of slowing its pace of expansion and change.
“We’re proud to recognize Global Cash Card’s contributions to advancing electronic payments. It takes more than brawn to be effective at fighting fraudsters. Global Cash Card Global Protect rose to the top of this category because it uses machine learning to adjust to specific usage trends of individual cardholders to spot suspicious activity. And its fraud-blocking results were impressive. Although this system was created specifically to serve the paycard environment, its ability to continuously evolve and learn could be a model for others in the fight against fraud.”
Global Protect was announced as the Best-In-Category Winner during the Pay Awards ceremony on March 21 at the All Payments Expo.
About Paybefore: Paybefore is the leading information provider to prepaid, mobile and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore’s family of media properties includes:Paybefore.com; Pay News; Pay Gov; Pay Week; Pay Op-Ed; Pay Magazine,Pay Awards Magazine and a global payments directory, Pay Connect available online. Visit us atwww.paybefore.com.