The problem stems from the fact that online fraud attacks are becoming increasingly sophisticated; simplistic solutions no longer work. We need a leading edge solution, from a market leading company, to address this 21st century threat.
Los Altos, CA (PRWEB) June 08, 2011
ThreatMetrix™, the fastest growing provider of cloud-based fraud prevention solutions that do not require personally identifiable information (PII), today announced that USA ePay, a leading payment processing gateway provider for e-commerce, mobile and mail order customers, has selected ThreatMetrix to help detect and prevent online fraud and abuse for its customers.
“We were experiencing various fraud attempts on our system, particularly with account log-ins and Web payments,” said Ben Goretsky, CEO, USA ePay. “What’s happening in the industry is that merchants’ computer systems are being phished for user names and passwords while also being infected by Trojan viruses. The problem stems from the fact that online fraud attacks are becoming increasingly sophisticated; simplistic solutions no longer work. We need a leading edge solution, from a market leading company, to address this 21st century threat.”
“ThreatMetrix came highly recommended to us by one of the top credit card companies,” continued Goretsky. “There were three other companies in the running but we liked the fact that ThreatMetrix already worked with other companies in our industry, that they can provide us with a flexible, customizable risk scoring solution specific to our needs, and that we could screen for log-in and payment fraud from one integrated platform. We like working with a third-party organization completely dedicated to fraud prevention.”
According to Goretsky, USA ePay also liked ThreatMetrix’s out-of-the-box reporting capabilities whereby USA ePay technical analysts can drill down on each device ID to determine the proxy IP address, email address, true IP address and other key data to help determine whether a specific log-in or payment transaction is legitimate or potentially fraudulent.
“The challenge for payment processors today is to provide their customers with fast, reliable and convenient payments while at the same time protect them and their customers from becoming victims of fraud,” said Bert Rankin, vice president of marketing, ThreatMetrix. “ThreatMetrix helps payment processors meet these fraud challenges, making them and their customers more competitive.”
About USA ePay
Since 1998 USA ePay, a GorCorp Inc. company, has been helping merchants process their credit card and check transactions with speed and security. Founded by the Goretsky brothers, the company is family-owned and based in Los Angeles, CA. Currently the USA ePay gateway supports all of the major platforms (First Data, TSYS, Global, Paymentech) in the credit card industry and works with some of the leading check platforms. USA ePay is also pleased to work with many of the larger merchant service banks in the US and abroad. For more information, please visit http://www.usaepay.com or call 866.USA.EPAY (872-3729).
ThreatMetrix helps companies stop web fraud and accelerate e-commerce in real-time so they can significantly reduce online fraud, acquire more customers faster, reduce costs, and increase customer satisfaction. The ThreatMetrix™ Cloud-Based Fraud Prevention Platform, incorporating ThreatMetrix™ SmartID cookieless device identification, provides online businesses with the ability to protect themselves and their customers by verifying new accounts, authorizing payments and transactions and authenticating user logins in real-time. Online businesses can deploy the ThreatMetrix Cloud-based Fraud Prevention Platform, which does not rely on personally identifiable information (PII), for traditional online activity via a personal computer as well as for mobile and tablet devices. The company serves a rapidly growing customer base 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 http://www.threatmetrix.com or call 1-650-625-1451.
© 2011 ThreatMetrix. All rights reserved. ThreatMetrix, the ThreatMetrix Cloud-Based Fraud Prevention Platform, ThreatMetrix SmartID, ThreatMetrix ExactID, and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.
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