Orenda Integrates CyberloQ Technology to Combat $36 Billion Card-Not-Present Fraud Threat

Orenda, a digital embedded-finance and payments platform, has announced a strategic integration agreement with CyberloQ Technologies to embed CyberloQ Secure's proprietary authentication and fraud-prevention solution directly into its payment ecosystem. This partnership represents Orenda's first reseller agreement and strengthens the company's commitment to providing secure, frictionless digital payments while addressing the critical threat of card-not-present fraud that has become increasingly prevalent in global financial services.

The integration comes at a crucial time as card-not-present fraud now accounts for more than 70% of all credit card fraud losses worldwide, exceeding $36 billion globally in 2024 according to industry estimates. CyberloQ Secure directly addresses this vulnerability through its patented multi-factor, device-binding technology that binds 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, providing bank-grade protection against one of the fastest-growing threats in financial services.

Joshua Vittori, CEO of Orenda, emphasized the significance of this integration, stating that it marks a pivotal moment for the company and its customers. By deploying CyberloQ Secure across its platform, Orenda aims to raise the security standards for the entire digital finance sector while preserving the seamless user experience that clients expect. Vittori noted that fraud prevention has become essential rather than optional in today's digital payment landscape.

Chris Jackson, President of CyberloQ Technologies, expressed enthusiasm about the partnership, describing Orenda as the flagship integration for CyberloQ's mission to eliminate card-not-present fraud. Jackson highlighted how Orenda's forward-thinking approach to embedded finance aligns with CyberloQ's goal of making enterprise-grade fraud prevention accessible to organizations of all sizes, demonstrating that powerful security and elegant user experience can coexist effectively.

The integration delivers several key benefits including 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 methods, and seamless customer experience with optional zero friction at checkout. The solution also ensures full compliance with PSD2 Strong Customer Authentication requirements and emerging U.S. and EU regulatory standards, positioning Orenda to meet current and future security mandates.

The CyberloQ Secure solution is scheduled to go live with integration beginning in early December across Orenda's merchant and consumer payment offerings. This timing allows Orenda to strengthen its security infrastructure ahead of the holiday shopping season when card-not-present transactions typically increase significantly. For more information about Orenda's services, visit https://www.Orenda.finance while details about CyberloQ Technologies can be found at https://www.cyberloq.com.

This integration represents a significant advancement in the fight against digital payment fraud, particularly as consumers and businesses increasingly rely on online and mobile transactions. The combination of Orenda's embedded finance platform with CyberloQ's authentication technology creates a robust defense system that could set new industry standards for security while maintaining the convenience that modern payment users demand. As financial fraud continues to evolve in sophistication, such proactive security measures become increasingly critical for protecting both businesses and consumers in the digital economy.