Jul 15 ProPay® Launches TSYS Guardian CyberShield in Partnership with ThreatMetrix® to Provide Advanced Fraud Prevention Solutions
Comprehensive Platform Accurately Differentiates Legitimate Customers from Fraudsters in Real Time
Lehi, Utah, and Columbus, Ga., July 15, 2014 — ProPay®, a TSYS® company, announced today a partnership with ThreatMetrix® to provide advanced fraud prevention solutions to its customers. Through this partnership, ProPay customers can have access to state-of-the-art tools to help protect them against cybercriminals. The solution — a cloud-based, real-time identity verification tool — helps validate returning customers and prospects, while protecting a wide range of transactions, including account creation, login authentication, and payment authorization.
TSYS Guardian CyberShieldSM, powered by ThreatMetrix, effectively differentiates between legitimate customers and potential fraudsters by leveraging the rich data and analytics in the ThreatMetrix® Global Trust Intelligence Network (The Network). This provides TSYS Guardian Cybershield access to the largest trusted identity network of shared intelligence, and provides insight into positive and negative behavior and threat intelligence ─ for both online personas and devices ─ using trust-based authentication. The Network sees more than 500 million monthly transactions, and protects more than 160 million active user accounts, 2,500 customers and 10,000 websites.
The Network empowers businesses to analyze the digital personas of website visitors in real time ─ including their previous online behaviors and transactions ─ before authorizing an online transaction. By doing so, TSYS Guardian Cybershield helps businesses reduce friction and arduous screening for legitimate returning online customers, while stopping cybercriminals in their tracks.
“We’re pleased to begin offering our customers more sophisticated fraud prevention and detection tools,” said Greg Pesci, president of ProPay. “The TSYS Guardian CyberShield, powered by ThreatMetrix, is just another example of our desire to provide a suite of payment solutions that allows our customers to focus on running their businesses while protecting against fraudsters.”
“While many businesses are challenged with determining whether or not an online transaction, account login or other activity is fraudulent, The Network provides TSYS Guardian CyberShield the capability to identify high-risk transactions in real time without disrupting the online experience of trusted customers,” said Bert Rankin, chief marketing officer of ThreatMetrix. “We’re thrilled to partner with TSYS and ProPay to provide the most comprehensive fraud prevention solution on the market to a growing customer base.”
Since 1997, ProPay has provided simple, secure and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is a leading provider of complete end-to-end payment security solutions designed to significantly reduce the client organization’s risk of having sensitive payment data compromised. ProPay is the recipient of the prestigious 2010 ETA ISO of the Year award. ProPay is a wholly owned subsidiary of TSYS (NYSE: TSS) and is a leader in payment data security. For information, visit www.propay.com or call 888.227.9856.
At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief “People-Centered Payments®.” By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was named one of the 2013 World’s Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.
ThreatMetrix builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to mission-critical applications using real-time identity and access analytics that leverage the world’s largest trusted identity network.
ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. Underpinning the solution is the ThreatMetrix® Global Trust Intelligence Network, which analyzes over 500 million monthly transactions and protects more than 160 million active user accounts across 2,500 customers and 10,000 websites.
The ThreatMetrix solution is deployed across a variety of industries, including financial services, enterprise, e-commerce, payments, social networks, government and insurance. For more information, visit www.threatmetrix.com or call 1-408-200-5755.