Palo Alto, CA (PRWEB) April 04, 2013
IdentityMind™, the evolutionary on-demand anti fraud risk and management platform, today announced that CommerceGate, a premier worldwide Payment Services Provider, with thousands active merchants, has chosen IdentityMind™ as their online risk management platform.
“IdentityMind’s Platform provides CommerceGate with the most complete coverage for risk management,” said Bjorn Skarlen, CommerceGate’s CEO. “IdentityMind can uniquely manage our merchant portfolio risk from underwriting through operations, enabling early detection of the merchant accounts that are risky. We operate in a high risk industry, and we have to be vigilant of merchant’s behavior.”
IdentityMind’s Platform will offer CommerceGate™ three key services:
1. Merchant Underwriting.
2. Merchant Risk Monitoring.
3. eCommerce Real-Time AntiFraud.
“Payment Service Providers face many challenges, especially those that provide services to high risk industries,” Said Garrett Gafke, IdentityMind’s President & CEO. “Increasingly, PSPs are having to expedite the underwriting process and accept merchants with different risk profiles almost in real-time. On the other hand, card brands and acquiring banks are requesting PSPs to be more vigilant and augmenting their reporting requirements. PSPs have to maintain a cohesive and innovative risk strategy, our Platform offers them the ability to cover all their operation bases: real-time fraud detection and merchant account risk mitigation in a single interface.”
CommerceGate is an online payment processor offering extensive IPSP, Direct Merchant Accounts and Payment Gateway services for US end EU Merchants. The company continues to grow rapidly in both in North America and Europe, offering their billing solutions to Merchants looking for robust payment processing options and high-quality service.
Visit http://www.solutions.commercegate.com for more information.
IdentityMind™ is an on-demand anti fraud and risk management platform. IdentityMind™ helps online merchants and Payment Service Providers (PSP) stop fraud while maximizing accepting good transactions and minimizing manual review costs. IdentityMind™ tracks Internet Identities based on its patent-pending IdentityMind eDNA™. Internet consumers are passively challenged by comparing the eDNA™ of the owner of the card to the eDNA™ observed at the time of the transaction. Identities are matched across devices, payment instruments, geolocations, etc.
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