Orenda Integrates CyberloQ Secure Technology to Combat Card-Not-Present Fraud

Orenda has announced a strategic integration agreement with CyberloQ Secure, incorporating their proprietary authentication and fraud-prevention solution into Orenda's digital embedded-finance and payments platform. This integration embeds CyberloQ's patented multi-factor, device-binding technology directly into Orenda's payment ecosystem, providing bank-grade protection against card-not-present fraud, which represents the fastest-growing threat in financial services globally.

Card-not-present fraud now accounts for more than 70% of all credit card fraud losses worldwide and exceeded $36 billion globally in 2024, according to industry estimates. The CyberloQ Secure solution directly addresses this vulnerability by binding every transaction to an authorized user's specific device and location while continuously verifying identity throughout the session. This approach eliminates reliance on static credentials that criminals routinely steal and reuse, representing a significant advancement in fraud prevention technology.

Joshua Vittori, CEO of Orenda, emphasized the importance of this integration, stating that deploying CyberloQ Secure across their platform raises the security bar for the entire digital finance sector while preserving the seamless user experience clients expect. He noted that fraud prevention is no longer optional but has become table stakes in the industry, with Orenda positioning itself to lead with best-in-class technology through this partnership.

Chris Jackson, President of CyberloQ Technologies, expressed enthusiasm about the partnership, highlighting that Orenda's forward-thinking approach to embedded finance aligns perfectly with CyberloQ's mission to make enterprise-grade fraud prevention accessible to every organization regardless of size. The partnership demonstrates that powerful security and elegant user experience can coexist effectively in digital payment systems.

Key benefits of the integration include real-time device binding and continuous session authentication, dramatic reduction in card-not-present fraud exposure, elimination of one-time passwords and knowledge-based authentication, seamless customer experience with optional zero friction at checkout, and full compliance with PSD2 Strong Customer Authentication and emerging U.S./EU regulatory requirements. The CyberloQ Secure solution is scheduled to go live with integration beginning in early December across Orenda's merchant and consumer payment offerings, marking a significant step forward in combating the growing threat of digital payment fraud. For additional information about the companies involved, visit https://www.Orenda.finance and https://www.cyberloq.com.