Tag: FiveBy

Seattle, WA

Globally, digital commerce fraud is expected to surpass $48 billion in 2023.  According to a recent report, every one dollar in fraud experienced by a company will cost that company $3 in recovery and expenses.

In addition, the speed with which fraud is mutating to evade detection is alarming many companies engaged in global ecommerce. Now with the ability to employ artificial intelligence (AI) tools in fraud, the fraudsters themselves will be able to scale and continue to evolve their methods.

At the same time, the rise of ecommerce is providing small and midmarket businesses with the opportunity to expand to new markets.  Selling products and services in international markets requires accepting payment methods common in those markets.

Although paying with VISA, PayPal, or MasterCard is common in the Americas, there are many other payment methods that customers use in international markets.  Sellers can face the challenge of safeguarding against fraudulent activities in unfamiliar payment methods.

This situation poses a dilemma.  On one hand, merchants want to streamline transactions and accept as many potential purchases as possible, and on the other hand, they must guard against fraudulent transactions.


For this reason, the best way for businesses to expand to new markets is to find a way to leverage services that bring together international payment processing, and cutting-edge, AI-enabled fraud detection that is fine-tuned for their business.

Worldline, one of the largest global digital commerce payment processors, and FiveBy are working together to provide payment processing and consultative services to implement the Microsoft Dynamics 365 Fraud Protection (DFP) platform for their clients.  Microsoft’s stand-alone fraud protection platform is rich in AI and machine learning to protect merchants from various schemes.

According to Kelly Harvin, global head of channel partnerships at Worldline, “Merchants seeking best in class fraud prevention can benefit from the trifecta of the consultative expertise provided by FiveBy, the single source solution of Microsoft DFP, and the seamless integration of DFP with Worldline’s payment processing.”

John Solheim, FiveBy Chief Commercial Officer reported, “We have witnessed significant fraud prevention discoveries using DFP, even during a trial engagement.”  Worldline and FiveBy offer a combination of expertise and digital commerce experience, to combine adaptive AI with a global fraud protection platform.

Discover more about how to implement a strong international ecommerce solution to prevent the increasing threats of fraud, at FiveBy.com.

FiveBy Solutions is a leading Risk Intelligence and Fraud consultancy. FiveBy’s industry experts bring strength and clarity to protecting our clients’ profits and managing their reputations. For more information, go to www.FiveBy.com or email johnsol@fiveby.com

Worldline [Euronext: WLN] helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customized for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. www.worldline.com



FiveBy Solutions Founder and President, Alex Kochis, recently spoke with CIO Review about FiveBy’s ability to create bespoke solutions for clients to mitigate fraud, and regulatory and reputational risk. FiveBy is a recognized expert in the fraud and compliance space and has helped numerous clients transform their risks into opportunities, combining unique insights, technical savvy, and human expertise to deliver comprehensive solutions for clients seeking to reduce their organizational risks.

In one instance, we worked with a client to reduce a growing problem that could have jeopardized their bottom line and reduced the ongoing fraud by over eighty percent in just under nine months… We now operate that company’s fraud program end-to-end, keeping instances of fraud – such as with credit cards – consistently below industry average.

FiveBy excels at providing tailor-made solutions for clients seeking to reduce vulnerabilities that can impact their bottom line and reputation, including account takeovers, credit card fraud, and violations of US sanctions and anti-money laundering regulations, whether by embedding with existing client teams to provide specialized expertise or building programs from the ground up. Need more information? Visit www.fiveby.com or contact us at info@fiveby.com.


With more than 10 years of success developing solutions for clients to combat software piracy and internet service fraud and abuse, FiveBy Solutions is excited to announce “FiveBy 2.0” – bringing deeper focus on our customers’ requirements, expansion of our core areas of expertise, and new leadership to help guide us in our mission to turn our clients’ business risks into opportunities.

FiveBy Expansion

Building on our current portfolio, FiveBy will continue to invest in providing expert consulting services in three established areas – Fraud and Abuse, Risk Intelligence and Sanctions, and Security and Disinformation. With a track record of supporting key players in the software and hardware industries, we will provide the expertise our clients need to turn business risks into opportunities.  Every day we hear of new incidents of fraud affecting companies, organizations, and individuals. The impact of these incidents risk more than disruption to business, they can also lead to missed opportunities. Using data driven insights, a unique point of view, and ample experience, FiveBy will provide timely, impactful solutions to meet our clients’ needs. Supporting this work, FiveBy has formalized its Service Delivery and Practice Management functions and will begin to invest more broadly in creating repeatable, adaptable solutions that allow our clients to stay ahead of the game. And as a company already known for our unique understanding of the risk intelligence landscape, FiveBy will continue to invest in our people, ensuring we can continue to bring clients a unique combination of technical and business skills.

Leadership Changes

After founding FiveBy Solutions in 2010 with a strongly held belief that software piracy could be reframed as a business and brand opportunity for our clients, Alex Kochis will step back from the day-to-day business to assume the role of President and Founder, working behind the scenes to guide FiveBy’s future success. Replacing Alex in the CEO role is David Lazar, a 6-year veteran of FiveBy, previously at Microsoft and Adobe in a variety of program, product, sales, and management roles. As CEO, David will be responsible for realizing FiveBy’s broader vision, with a specific focus on ensuring FiveBy stays ahead of the risk intelligence, fraud and abuse game to better support our clients.

Two additional leaders have also been announced – John Solheim,  assuming the role of Chief Commercial Officer, and Silvana Gross who becomes Chief Operating Officer. As Chief Commercial Officer, John Solheim, who comes to FiveBy with a deep operations, sales, and management background – will be responsible for client care, marketing, new business growth and for leading our focus on developing repeatable solutions. Silvana Gross, as Chief Operating Officer, will continue to manage FiveBy Operations, HR, and Finance as she has done admirably for the last 3 years at FiveBy.  Silvana and John will also lead two new teams, Service Delivery and Practice Management, supporting client success and the development of industry-leading best practices.

As a leader in providing risk intelligence solutions to high-tech companies since 2010, FiveBy is excited to embark on this broader journey. We look forward to continuing to provide expert consulting services to our current clients and establishing new and repeatable solutions for a broader market. For more information contact info@fiveby.com or visit www.fiveby.com.

FiveBy is a specialized risk intelligence services firm companies and organizations contact us when they see risks related to fraud, abuse, sanctions, money laundering, corporate governance, or security issues which could affect their reputation, their ability to support customers, their intellectual property, or their bottom line. FiveBy provides the insights needed to transform risks into opportunities. Our unique point of view brings together expertise spanning security, technology, data science, and operations and whether its responding to an ongoing incident or implementing preventive measures, we will work with you to implement solutions tailored to your business needs.