Ferhan Patel

Payza Helps Law Enforcement Kill a Worldwide Credit Card Fraud Ring LONDON and MONTREAL, Jun 19, 2013 (Marketwired via COMTEX) -- With Payza's help, law enforcement officials have identified and arrested 11 individuals in the UK, US and Vietnam, who have been accused of being responsible for a $200 million credit card fraud ring. This arrest is another victory in the coordinated worldwide crackdown on cybercrime. Law enforcement agencies around the globe are collaborating with financial and technology companies like Payza to identify cybercriminals, track their behaviors, and gather the evidence required for arrest and prosecution. "We have a long history of working with both local and international authorities to locate and shutdown fraud rings and the criminals behind them," said Ferhan Patel , Payza's Chief Compliance Officer and Director of Global Risk and Compliance, regarding the recent arrests. "That being said, this has been a very dynamic and exc...

Prior to joining Payza, Ferhan had been the driving force behind many successful e-commerce ventures. As a consultant for TEKsystems, for example, he successfully launched the company’s innovative health insurance portal and oversaw all aspects of the project’s life-cycle. As the co-founder and Chief Operating Officer of AlertPay, he was responsible for the company’s operating procedures - from Process, AML, Risk and Compliance, to Fraud Detection, KYC and Verification; as well as the company’s product development strategies and marketing operations. His astute technological and innovative thinking enabled AlertPay to achieve exponential growth and excellence in the industry, earning AlertPay the Quebec Technology Company of the Year award from benefice.net in 2010, and the 2011 Industry Alpha Award for Excellence in Consumer Products from the Ville St. Laurent Chamber of Commerce.

Ferhan Patel, CFCS, AMLCA CCO, Director of Global Risk and Compliance As Payza’s Chief Compliance Officer and Director of Global Risk and Compliance, Ferhan oversees the Risk, Fraud and Compliance Departments. Ferhan’s responsibilities include the development and implementation of the company’s AML/CTF, Compliance, Fraud and Risk Mitigation policies.   Ferhan is recognized as a Financial Crime Expert with robust product design knowledge and is actively involved in the product lifecycle ensuring that compliance is built in and not bolted on.   Most recently, Ferhan Patel held the position of Executive Vice President of Corporate and Product Marketing and led the company’s product development strategies, marketing operations, strategic alliances and new market opportunities. He was responsible for the company’s overall marketing strategies - from product identity, placement and strategic promotion, to corporate, public and marketing strategies and communications....