Incognia adds fraud protection for QR-code transactions

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At a time when contactless payments via QR codes are on the rise, Incognia is launching a fraud protection solution for payments providers, retailers and restaurants.

Palo Alto, Calif.-based Incognia says it will deploy location behavioral biometrics to verify buyers' and sellers' real-time and historical location behavior to protect against fake QR codes, account takeovers and use of fake synthetic identities during transactions.

The solution works for physical in-store, remote and person-to-person QR code contactless payments. For consumers, Incognia’s technology creates a private digital identity that enables a user’s device to produce a unique location fingerprint, without compromising the user’s personally identifiable information.

The digital identity is also matched to the recent behavior of the device and the known behavior of the account.

“The year 2020 has seen a surge in contactless commerce as retailers rapidly adapt to keep consumers and staff safe,” André Ferraz, CEO and founder of Incognia, said in a Tuesday press release. “QR code contactless payments are seeing rapid adoption because of ease of use, as QR codes can be easily integrated into retailer apps and scanned by consumers using a smartphone."

The proprietary location technology uses network signals from GPS, Wi-Fi and Bluetooth along with on-device signals to identify precise locations without capturing any personal information.

Incognia provides real-time location verification and also builds an anonymous location behavioral pattern, unique for each user, that creates a location fingerprint for user authentication.

Incognia says its location technology is used in more than 90 million devices in the Americas and analyzes more than 20 terabytes of anonymized location signals daily. Incognia provides an SDK for integration into iOS and Android mobile apps.

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Payment fraud Fraud detection Mobile payments P-to-P payments