ThreatMetrix Enters Into Agreement with FUJI SOFT to Provide Online Fraud Solutions to Japan
Posted February 23, 2016
SAN JOSE, California – February 23, 2016
Premier alliance to accelerate global digital identity and fraud solution adoption for the banking and e-commerce sectors
ThreatMetrix®, The Digital Identity Company™, has entered into an agreement with FUJI SOFT, a global software technology company based in Yokohama, Japan, to provide online fraud prevention solutions to businesses in the Japanese market. The partnership highlights the continued growth of the ThreatMetrix brand in Asia.
ThreatMetrix is providing FUJI SOFT with risk management solutions for e-commerce, finance, insurance, hospitality and even the Internet of Things, or IoT. FUJI SOFT is building on its wealth of expertise in business systems integration and will be able to provide ongoing monitoring and verification services to businesses after the ThreatMetrix technology integration is complete.
With the dramatic expansion of the e-commerce market globally and in Japan, damage caused by the unauthorized use of banking and credit card information has resulted in the loss of up to 13.4 billion yen per year. Due to an increase in chargeback situations and e-commerce fraud overall, online fraud prevention – especially at the account login and transaction level – is becoming a more urgent issue for online merchants.
“In the ongoing global battle against cybercrime, we’re fortunate to have such a capable partner in FUJI SOFT, and we are excited to welcome them into our partner ecosystem,” said Armen Najarian, ThreatMetrix CMO. “We’re looking forward to enabling FUJI SOFT to deliver a world-class solution for combatting fraud while contributing to the growth of the ThreatMetrix Digital Identity Network.”
With the scale of the world’s largest Digital Identity Network, ThreatMetrix empowers many of the world’s largest companies – including three of the four major credit card networks – to authenticate consumers in the digital age: quickly, efficiently and with minimal user friction. ThreatMetrix analyzes more than 1 billion global transactions per month, and its patented technology can quickly detect unauthorized access without compromising user experience. ThreatMetrix technology has been proven to authenticate consumers in Japan with greater than 95 percent accuracy – resulting in tremendous fraud mitigation.
“We are very pleased to provide ThreatMetrix services in Japan,” said Yoshiharu Shiraishi, Executive Operating Officer at FUJI SOFT. “Thanks to the partnership, FUJI SOFT has the opportunity to lead the Japanese market in providing protection against cybercrime not only in the finance and e-commerce markets, which have been incurring online fraud damages, but in other segments that also require sophisticated authentication methods in today’s digital world.”
ThreatMetrix®, The Digital Identity Company™, is the market-leading cloud solution for authenticating digital personas and transactions on the Internet. Verifying more than 15 billion annual transactions supporting 30,000 websites and 4,000 customers globally through the ThreatMetrix® Digital Identity Network, ThreatMetrix secures businesses and end users against account takeover, payment fraud and fraudulent account registrations resulting from malware and data breaches. Key benefits include an improved customer experience, reduced friction, revenue gain, and lower fraud and operational costs. The ThreatMetrix solution is deployed across a variety of industries, including financial services, e-commerce, payments and lending, media, government and insurance.
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