Orenda has established a strategic integration agreement with CyberloQ Technologies to embed CyberloQ Secure authentication technology directly into its payment ecosystem. This partnership represents Orenda's first reseller agreement and reinforces the company's commitment to providing secure digital payment solutions while addressing the rapidly escalating threat of card-not-present fraud. The integration will deploy CyberloQ's patented multi-factor, device-binding technology across Orenda's platform, delivering bank-grade protection against card-not-present fraud, which now accounts for more than 70% of all credit card fraud losses worldwide.
Industry estimates indicate this type of fraud exceeded $36 billion globally in 2024, establishing it as the fastest-growing threat in financial services. CyberloQ Secure confronts this vulnerability by binding every transaction to an authorized user's specific device and location while continuously verifying identity throughout the session. This methodology eliminates dependence on static credentials that criminals routinely steal and reuse, providing a more robust security framework for digital transactions. Joshua Vittori, CEO of Orenda, emphasized the importance of this integration, stating that it elevates security standards for the entire digital finance sector while maintaining the seamless user experience clients expect.
Chris Jackson, President of CyberloQ Technologies, expressed enthusiasm about the partnership, highlighting how Orenda's forward-thinking approach to embedded finance aligns with CyberloQ's mission to make enterprise-grade fraud prevention accessible to organizations of all sizes. The collaboration demonstrates that powerful security measures and elegant user experience can effectively coexist in payment systems. Key benefits of the integration include real-time device binding, continuous session authentication, significant reduction in card-not-present fraud exposure, and elimination of one-time passwords and knowledge-based authentication methods.
The solution also maintains full compliance with PSD2 Strong Customer Authentication requirements and emerging regulatory standards in both the United States and European Union. The CyberloQ Secure solution is scheduled to go live with integration beginning in early December across Orenda's merchant and consumer payment offerings. This implementation will provide businesses and financial institutions using Orenda's platform with enhanced security capabilities while preserving the frictionless payment experience that modern consumers demand. Additional information about Orenda's services can be found at https://www.Orenda.finance while details about CyberloQ's technology are available at https://www.cyberloq.com.
