Thursday, March 18, 2010

Verifi and ThreatMetrix Partner to Provide Advanced Payment Fraud Detection

March 17, 2010 04:17 PM Eastern Daylight Time

Verifi and ThreatMetrix Partner to Provide Advanced Payment Fraud Detection

Verifi, Inc., a leading provider of payment risk management systems and ThreatMetrix, the only fraud control network that enables online businesses to verify payments, authorize new accounts and authenticate returning customers, announced today a partnership to provide merchants with advanced fraud detection capabilities for web payments.

LOS ANGELES--(BUSINESS WIRE)--Verifi™, Inc., a leading provider of payment risk management solutions for card-not-present (CNP) merchants announced today a partnership with ThreatMetrix™, a fast growing provider of fraud detection solutions, to deliver advanced fraud detection to merchants through Verifi’s payment risk management system.

“Card-not-present merchants can now benefit from the combined capabilities of the ThreatMetrix Fraud Network with Verifi’s leading global electronic payment and risk management solutions to fight CNP fraud and streamline customer web payments”

The partnership provides Verifi customers with an additional protective layer of on-demand fraud intelligence and data matching to help merchants detect fraudulent customers and identify good and returning customers. Through Verifi’s platform, customers will have access to ThreatMetrix’s forensic risk assessment tools and its global fraud knowledge share database.

Current customers already use Verifi’s full service payment management system, which screens and reviews high risk transactions and comes with the best possible suite of proprietary and third party fraud detection and prevention tools. Clients also use Verifi’s best-in-class managed services for declines, refunds and chargebacks. The addition of ThreatMetrix’s advanced fraud tools and network to Verifi’s full service risk and fraud payment management system, analytics and reporting provides Verifi customers with the strongest defense against hackers, cybercriminals and large-scale global fraud enterprises without disrupting the consumer checkout experience. And with Verifi’s single source platform, customers gain immediate access to all of Verifi’s partner fraud and risk management solutions without the need for any additional integration.

“Card-not-present merchants can now benefit from the combined capabilities of the ThreatMetrix Fraud Network with Verifi’s leading global electronic payment and risk management solutions to fight CNP fraud and streamline customer web payments,” said Alisdair Faulkner, chief products officer, ThreatMetrix.

“One of the most common challenges we hear from our customers is how frequently they must plan for, invest in and allocate internal resources for the implementation of new technologies. Reducing this burden is one of the added benefits customers receive when they use Verifi’s platform. By partnering with ThreatMetrix, we not only significantly reduce this burden, but we continue our quest to provide our clients with the best and most complete set of global fraud tools available.” Jeff, Sawitke, Vice President, Product Management, Verifi Inc.

About Verifi

Verifi™ is a leading provider of global electronic payment and risk management solutions for card-not-present merchants. The highly customizable payment and real-time reporting platform serves as a foundation for Verifi’s suite of fraud solutions and risk management strategies. With a commitment of reducing risk while increasing profitability for clients, Verifi’s multi-layered approach enables transaction risk management and mitigation, business optimization strategies, cardholder authentication and chargeback re-presentment for all major credit card brands. Verifi is PCI Level 1 certified and headquartered in Los Angeles, California with a satellite office in Redwood Shores, California. For more information on Verifi, please visit: http://www.Verifi.com or please email us at Info@Verifi.com.

Media Contact: Catherine Magee

Verifi, Inc.

323-655-5789

Catherine.Magee@verifi.com

ThreatMetrix (www.threatmetrix.com) helps companies stop web fraud and enable e-commerce. The ThreatMetrix Fraud Network helps online businesses verify new accounts, authorize payments and transactions and authenticate user logins in real-time without relying on personally identifiable information (PII). ThreatMetrix profiles the device used in an online transaction so companies can determine whether the users are fraudsters or customers. ThreatMetrix device profiling goes beyond browser fingerprinting to identify the device, bypass proxies and detect the use of botnets. ThreatMetrix’ simple and cost-effective SaaS approach to implementation enables companies to get results in hours or days, rather than weeks or months. The company serves a rapidly growing customer base in the U.S. and around the world across a variety of industries including social networks (dating, gaming), financial services, e-commerce, affiliate marketing and payments. For more information, visit www.threatmetrix.com or call 1-650-625-1451.

Media Contact: Kevin Wolf

ThreatMetrix

650-327-1641

kevin@toolguypr.com