It's been very exciting seeing this [fraud detection] technology help our clients...
Port Saint Lucie, FL (PRWEB) November 08, 2013
A Florida-based corporation with anti-fraud technology used by businesses worldwide is changing its name to reflect the unique service it provides to its clients.
Formerly known as Fraud Oracle, the new Fraud Genius Inc. name reflects the innovative fraud detection systems it provides to reduce fraudulent payments through merchant websites.
"At Fraud Genius, we believe that this change comes at the perfect time," said Edward Pimentel, vice president of Sales Engineering. "While we continue working to provide online merchants with expert technology to prevent fraud and give insight into the fraud risks of online credit card transactions, our new name will more clearly define who we are and what we do with an easily identifiable brand.”
Fraud Genius's anti-fraud system is based on several layers of rules and pattern matching that constantly monitor and learn how fraudulent transactions evolve over the Internet. While an order is taking place on a merchant's website, a fraud risk score for the payment is immediately delivered to the merchant.
The service provided by Fraud Genius is built from years of research and development. It focused on ensuring the system works accurately and that the anti-fraud system was a sound investment for online merchants looking to reduce the risk of fraudulent credit card payments during e-commerce transactions.
“It's been very exciting seeing this technology help our clients reduce nearly all of their losses from stolen credit cards," Pimentel said. “The costs of fraud don't have to be explained to online merchants; they deal with that daily. Using a service that helps eliminate those costs makes the decision fairly easy.”
For more information about Fraud Genius Inc., visit: http://www.fraudgenius.com.
About Fraud Genius Inc.
Fraud Genius Inc. is a Florida, USA based company that provides simple, easy-to-implement anti-fraud systems for e-commerce transactions. Our technology goes beyond the typical anti-fraud techniques, using proprietary pattern matching and fraud behavior detection technology. Fraud Genius’s technology is constantly learning to detect what a typical transaction fraud indicator looks like today through a global network of systems examining how malicious parties access and use the Internet to create these transactions. By deploying Fraud Genius anti-fraud systems, merchants can prevent loss and protect their reputation with payment processing services.