Orenda, a next-generation digital embedded-finance and payments platform, announced a strategic integration agreement with CyberloQ Secure, a proprietary authentication and fraud-prevention solution developed by CyberloQ Technologies, Inc. (OTCQB: CLOQ). The integration will embed CyberloQ's patented multi-factor, device-binding technology directly into Orenda's payment ecosystem, providing bank-grade protection against card-not-present (CNP) fraud, which now accounts for more than 70% of all credit card fraud losses worldwide and exceeded $36 billion globally in 2024, according to industry estimates.
Card-not-present fraud is the fastest-growing threat in financial services, as criminals exploit static credentials like card numbers and CVV codes. CyberloQ Secure addresses this vulnerability by binding every transaction to an authorized user's specific device and location, continuously verifying identity throughout the session. This eliminates reliance on credentials that are routinely stolen and reused.
"This integration marks a pivotal moment for Orenda and our customers," said Joshua Vittori, CEO of Orenda. "By deploying CyberloQ Secure across our platform, we are raising the security bar for the entire digital finance sector while preserving the seamless user experience our clients expect. Fraud prevention is no longer optional; it's table stakes, and we're proud to lead with best-in-class technology."
Chris Jackson, President of CyberloQ Technologies, added, "We are thrilled to see CyberloQ's quest to eliminate CNP FRAUD come to life with Orenda as the flagship integration. Orenda's forward-thinking approach to embedded finance aligns perfectly with our mission to make enterprise-grade fraud prevention accessible to every organization, regardless of size. This partnership proves that powerful security and elegant user experience can, and must, coexist."
Key benefits of the integration include real-time device binding and continuous session authentication, dramatic reduction in CNP fraud exposure, elimination of one-time passwords and knowledge-based authentication, a seamless customer experience with optional zero friction at checkout, and full compliance with PSD2 Strong Customer Authentication (SCA) and emerging U.S. and EU regulatory requirements. The CyberloQ Secure solution is going live with integration schedules beginning in early December across Orenda's merchant and consumer payment offerings.
Orenda is a digital embedded finance platform that empowers businesses and financial institutions to deliver modern, secure, and personalized financial experiences. For more information, visit www.Orenda.finance. CyberloQ Technologies, Inc. (OTC: CLOQ) is a cybersecurity company focused on delivering proprietary authentication and fraud-prevention solutions. Its flagship CyberloQ Secure platform has been recognized with multiple industry awards. For more information, visit www.cyberloq.com.
