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Posted February 26, 2010
Complementary Solutions Help Merchants Fight Online Fraud
LOS ALTOS, CA – February 23, 2010 – ThreatMetrix™,the fastest growing provider of device identification solutions for preventing online fraud, today announced that CyberSource Corporation (NASDAQ: CYBS), a leading provider of electronic payment, risk management, and payment security services, has partnered with ThreatMetrix to provide advanced device identification capabilities to customers using the CyberSource Decision Manager fraud management portal.
CyberSource Decision Manager includes over 200 pre-integrated fraud detection tests and services, a business rule editor, case management system, and analytics that help merchants to efficiently and accurately manage fraud. ThreatMetrix provides technology that not only digitally fingerprints, but also profiles the behavior of the device being used by an online buyer. This new, enhanced fingerprint can then be used in conjunction with other order attributes captured by Decision Manager to detect suspicious orders. Anomalies such as a fraudster trying to hide an IP address, or an order being initiated from a device engaged in questionable behavior (spamming, firewall scanning, e.g.) can be detected. In less than two seconds, the CyberSource Decision Manager system profiles an inbound order using the advanced ThreatMetrix fingerprinting technology and other pre-integrated validation tests. The system then automatically sorts the order for fulfillment, rejection or review, in accordance with business rules written by the merchant.
“Staying multiple steps ahead of fraudsters is a business imperative,” said Cory Siddens, product manager for CyberSource Decision Manager. “By partnering with ThreatMetrix, we’ve added another key detector to our fraud management portal – enabling merchants to better profile the true identity and behavior of devices being used to make purchases on their sites. In doing so, the new ThreatMetrix technology allows merchants to identify botnet attacks and detect more first-time fraud.” “We’re pleased that CyberSource has turned to ThreatMetrix in its ongoing effort to provide merchants with the most technologically sophisticated and comprehensive fraud detection solutions,” said Reed Taussig, president and CEO, ThreatMetrix. “Our complementary solutions help merchants minimize the need for manual review and reduce fraud losses.”
CyberSource solutions enable electronic payment processing for Web, call center, and POS environments. CyberSource also offers industry-leading risk management solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes commerce transaction processing systems. Approximately 295,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. The company is headquartered in Mountain View, California, and has sales and service offices in Japan, Singapore, the United Kingdom, and other locations in the United States including Bellevue, Washington and American Fork, Utah. For more information on CyberSource please visit www.cybersource.com or email firstname.lastname@example.org. For more information on Authorize.Net small business solutions, please visit www.authorize.net or email email@example.com.
ThreatMetrix (www.threatmetrix.com) helps companies control online fraud and abuse in real time so they can significantly reduce on-line fraud, acquire more customers faster, reduce costs, and increase customer satisfaction. ThreatMetrix profiles the device used in an online transaction so companies can determine whether the users are fraudsters or customers. ThreatMetrix’ simple and cost-effective SaaS approach to implementation enables companies to get results in hours or days, rather than weeks or months. ThreatMetrix serves a rapidly growing customer base in the U.S. and around the world across a variety of industries including online retail, financial, social networks, and alternative payments.