Virtual Piggy, e-commerce solution which allows children to manage and use money with parental supervision, has increased its fraud detection and controls by integrating Kount’s e-commerce fraud management solutions.
“The Virtual Piggy payment solution has always safeguarded against friendly fraud by requiring parental consent,” said Don Codling, a cyber-security expert at the FBI. “The enhanced fraud detection features now make Virtual Piggy one of the safest payment solutions on the market for both consumers and retailers.”
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It allows parents to teach financial management with the use of a “family wallet” that is available online or via mobile and is free to use.