Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

INETCO surpasses 100 billion annual transactions as demand for payment fraud protection soars

Monitoring milestone highlights shift toward real-time transaction intelligence as financial institutions face escalating fraud and operational risk VANCOUVER, B.C. — May 21, 2026 — INETCO, a global leader in real-time payment fraud prevention, today announced the monitoring of more than 100 billion transactions per year, empowering financial institutions and payment service providers across more than 30 countries to outsmart fraudsters, stay compliant and keep every customer safe.

INETCO's Bijan Sanii on the threat every South African bank should be worried about

Article by Luis Monzon originally published on MyBroadband, May 9, 2026. Anthropic’s AI model Mythos, part of its Claude software, represented a clear threat to banks and financial institutions in South Africa. This is according to Bijan Sanii, CEO of Canadian fraud detection provider INETCO. Anthropic, one of the world’s most important generative AI makers, positioned Mythos as an extremely capable AI model designed to identify vulnerabilities in critical software beyond human capabilities.

Why CCSS Level 3 Certification Is Becoming Critical for Crypto Payment Providers

The rapid growth of institutional crypto adoption is forcing companies to pay much closer attention to cybersecurity standards and infrastructure resilience. As digital assets become part of mainstream financial operations, businesses increasingly expect payment providers to demonstrate independently verified security practices rather than relying solely on internal claims.

Smart Routing in Payment Systems: How It Boosts Acceptance Rate

Every declined transaction is lost revenue. Industry data consistently shows that online merchants lose a meaningful share of potential transactions to technical processor declines, incorrect routing, or individual acquirer limits - losses entirely unrelated to customer intent or card validity. Smart routing is the architectural solution that addresses this systematically. A declined transaction is not a customer saying no. It is your payment infrastructure saying it cannot handle the request - a fixable engineering problem.

Are banks ready for AI-powered cyber threats?

A recent American Banker article, “Knock on wood: Are banks doing enough to cope with Mythos?” raises a timely and uncomfortable question about advanced AI models like Anthropic’s Claude Mythos. As highlighted in the article, INETCO CEO Bijan Sanii points out a critical truth: The conversation is being fueled by the emergence of AI technology capable of identifying software vulnerabilities at a speed and scale that was previously unimaginable.

Payment Infrastructure Is Now Part of the Attack Surface

Every payment creates a moment of trust. A customer enters card details, a gateway approves or rejects the transaction, fraud checks run in the background, and sensitive data moves between systems in seconds. When that process works, it feels invisible. When it fails, the damage can reach far beyond a lost sale.

How Cashless Technology Is Boosting Vending Machine Sales

When you operate vending machines, you likely have witnessed people leaving without purchasing. They see what they desire, yet they cannot afford to buy it since they lack cash. It is a minor point, but lost sales can be very expensive. Even a handful of transactions lost daily across several machines and sites will decrease your total income.

Best B2B Cross-Border Payment Solutions: Security, Compliance and Global Reach

Every international business payment creates a security surface. Data moves across borders. Sanctions screening must fire in real time. FX execution carries counterparty risk. Correspondent banking chains introduce opacity at every hop. The platforms businesses choose to move money internationally are, in a meaningful sense, a security decision as much as a financial one.

The ABCs of KYT: How this key process combats payment fraud

Banks, payment processors and fintechs have long relied on Know Your Customer (KYC) processes to verify identity and assess the risk of doing business with the customer during onboarding, and on Know Your Business (KYB) processes to validate business legitimacy. But today, that’s no longer enough.

How to stop fraud and cyberattacks from becoming liquidity ordeals

When it comes to real-time payments, fraud moves fast — but liquidity stress can move even faster. A fraud or cyberattack can quickly become a liquidity event when it disrupts settlement funds, triggers abnormal transaction flows or forces payment services offline. That is why banks, payment processors and instant payment networks need real-time visibility into transaction activity, settlement exposure and emerging operational risk.