Zapp, a U.K. mobile payments provider developed by Vocalink, Wednesday announced a five-year agreement with Featurespace to provide real-time fraud protection for its mobile payment customers, according to a press release. Zapp expects to launch its system this fall. 

Zapp said it will deploy a fraud monitoring and alerting system based on Featurespace's ARIC adaptive behavioral analytics engine to protect its users against fraud in real time. The engine is powered by machine-learning adaptive algorithms, which run in real time and spot subtle changes at the individual account level, according to the announcement. The new technology helps to prevent existing and new types of fraud, the company said. Following launch, the system will process thousands of events every second for customers of Zapp's banking partners, including Barclays.

"Zapp's Pay by Bank app will provide a great payment experience that is simple, quick and above all, secure," Zapp CEO Peter Keenan said in a statement. "We need to ensure that payments are trusted by consumers and merchants alike and our implementation of Featurespace's incredible real-time analytics capability will be essential over the next five years to delivering a great experience, whilst providing some of the highest levels of fraud protection in the industry."