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About Tranwall

We have solved the global credit and debit card fraud problem by enabling cardholders to prevent fraud before it happens. Our patent pending technology allows cardholders to enable, secure and manage their cards by simply using a smartphone or a cellphone. The solution allows for the elimination of both the inconveniences caused by incorrectly declined transactions and fraud, effectively addressing the shortfalls in current fraud prevention platforms. The solution addresses today’s multi-billion dollar problem (fraud losses in the USA were estimated at $5.3 billion in 2012) simply and effectively without requiring the reissuing of credit and debit cards, or changes to current payments infrastructure.

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Tranwall Patents

Tranwall has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/30/2017

Payment systems, Histopathology, Data management, Transaction processing, Mobile security

Application

Application Date

11/30/2017

Grant Date

Title

Related Topics

Payment systems, Histopathology, Data management, Transaction processing, Mobile security

Status

Application

Latest Tranwall News

Foregenix, Tranwall team up to tackle global ATM Cashout fraud

Apr 18, 2019

Thursday 18 April 2019 | 09:47 AM CET Foregenix has joined forces with Tranwall , an Australian pioneer in payment card control technology, to fight against the rise of global ATM Cashout fraud. As a result of the partnership, Tranwall’s transaction security software will be offered with Foregenix’s Managed Detection and Response (MDR) and Threat Sweep services. Moreover, the software will provide a second layer of security to issuing banks and is used widely by financial institutions in the Middle East and Africa. It gives banks and their customers granular control of bank accounts and cards which allows them to lock down entire BIN ranges to stop certain transaction types such as international ATM withdrawals and ecommerce payments. Additionally it offers granular control to the end customer on two-factor authentication on all customer bank accounts as well as limit setting to name a few options. Foregenix is a specialist on ATM Cashout fraud through the company’s PCI Forensic Investigations and Incident Response service. The forensics company has worked a significant number of ATM Cashout incidents in Africa where the problem is especially acute. During these attacks, often referred to as the FASTCash Campaigns, cyber criminals subsequently exploit the poor architecture as well as lack of security of internal systems, manipulate limits or intercept transactions on the backend and use stolen or cloned cards at ATMs to fraudulently withdraw large amounts of hard cash. The cashouts are typically performed by associates or ‘mules’ who copy and imprint the stolen data on magnetic cards and perform the physical cash withdrawals in hundreds of locations, simultaneously. According to Foregenix’s blog post, an attack in Japan saw USD 13 million stolen through ATMs in three hours as approx. 14,000 fraudulent withdrawals were made.

Tranwall Frequently Asked Questions (FAQ)

  • Who are Tranwall's competitors?

    Competitors of Tranwall include Extend.

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Compare Tranwall to Competitors

Brex Logo
Brex

Brex operates as a financial solutions company. It offers a corporate credit card, expense management solutions, financial modeling, bill payment, business account, and more. The company provides its services to startups and scaling businesses. It was formerly known as Veyond. It was founded in 2017 and is based in San Francisco, California.

Z
Zeta

Zeta offers a cloud-native and fully API-enabled stack that includes processing, issuing, lending, core banking, and many other capabilities, helping issuers launch next-gen card programs. The company's managed services include product strategy, mobile app development, operations, managed compliance, customer support, collections, fraud and risk monitoring, and analytics. Its primary clients include fintechs and banks. Zeta was founded in 2015 and is based in San Francisco, California.

Ramp Logo
Ramp

Ramp offers credit cards for small and medium-sized businesses (SMBs). It provides companies with higher card limits, saving opportunities, automated expense management, receipt matching, and accounting integration. The company provides its services to startups, enterprises, and other entities. It was founded in 2019 and is based in New York, New York.

Conferma Pay Logo
Conferma Pay

Conferma Pay provides virtual payments technology solutions. It offers an app that enables any employee to pay for business expenses on a mobile phone. Conferma Pay operates in the fintech industry The company was founded in 2005 and is based in Cheshire, United Kingdom. In August 2022, Conferma Pay was acquired by Sabre. The terms of the transaction were not disclosed.

Extend Logo
Extend

Extend delivers an application-based card management and payment platform. It allows business cardholders to share credit cards with employees and offers flexible virtual card application programming interfaces (APIs) for custom payment solutions. It was founded in 2017 and is based in New York, New York.

Ondot Systems Logo
Ondot Systems

Ondot Systems is the creator of Mobile Card Services, a white-label solution that gives consumers control over payment cards. Ondot works directly with financial institutions to give consumers increased control over and visibility into their personal payment transactions. On December 16th, 2020, Ondot was acquired by Fiserv. The terms of the transaction were not disclosed.

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