Our core technology, eDNA, enables IDMPay to safely offer merchant accounts to higher risk merchants while immediately giving them a fully integrated anti-fraud service.
Palo Alto, CA (PRWEB) May 01, 2014
Earlier this year IdentityMind Global launched IDMPay as an individual organization providing payment services with robust anti-fraud based on the IdentityMind™ Anti-Fraud and Risk Management Platform. Now, management is further strengthening the relationship between IdentityMind and IDMPay by combining both companies’ executive management and leadership under IdentityMind Global. IdentityMind Global will continue offering the IdentityMind™ anti-fraud and risk management platform under its IDMRisk™ product division, while offering payment services under its IDMPay™ division.
The realignment of leadership simplifies the integration of risk management technology into payments operations, and supplements the operational capabilities of the anti-fraud and risk management platform with first hand expertise. This is critical as the company is already processing for thousands of merchants.
“Success in payments requires diligent management of the risk associated with merchant account underwriting, and monitoring operations to detect early signs of risk- particularly in high risk markets,” said, Garrett Gafke, IdentityMind Global CEO and President. “Our core technology, eDNA, enables IDMPay to safely offer merchant accounts to higher risk merchants while immediately providing them with a fully integrated anti-fraud service.”
Furthermore this movement will accelerate the integration of the payment and risk platform, offering a simplified experience for the increasing number of clients who require risk management services offered by IdentityMind Global.
“We are in full agreement with IdentityMind Global and the executive team’s decision to unify leadership across payments and risk” said Mark Watt, President of Noosphere Ventures, an investor in IdentityMind Global. “We had the opportunity to discuss this decision with their key clients and it quickly demonstrated the market demand for cohesive payments and risk management solutions”.
Current IdentityMind™ and IDMPay™ customers will be automatically reassigned under IdentityMind Global, and will not affect any contract or customer service.
About IdentityMind Global:
IdentityMind Global is an e-commerce company offering an on-demand platform providing payments, risk management, anti-fraud and anti-money laundering services for online merchants, acquiring banks, payment processors and gateways, payment service providers (PSP/ISO/MSP,IPSP), digital currency exchanges, and financial institutions (banks, money service businesses (MSBs), money transmitters).
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IdentityMind Global is privately held. For more information please refer to our website http://www.identitymindglobal.com, or reach us at info(at)identitymind(dot)com.