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Posted May 8, 2011
European Merchants Find Themselves Under the Same Relentless Pressure from Fraudsters as Their U.S. Counterparts
LOS ALTOS, CA – May 9, 2011 – ThreatMetrix™, the fastest growing provider of cloud-based fraud prevention solutions that do not require personally identifiable information (PII), today announced that the company will be exhibiting at the 2011 Merchant Risk Council (MRC) e-Commerce Payments and Risk Conference, May 18 – 20, at the Melia Hotel in Barcelona, Spain.
The MRC is the leading organization in North America for managing payments, preventing fraud and promoting secure e-commerce. Working with online and multichannel merchants, payment processors, credit card issuers, payment brands, risk management experts and law enforcement, the MRC’s goal is to make the Internet a safer and more profitable place to do business.
The MRC works directly with a core group of globally-known European merchants and industry leaders in building the foundation of MRC Europe including Canon, Carphone Warehouse, eDreams, Eurostar, Ezetop, lastminute.com, Nike, Philips, Seatwave.com, SonyStyle, Symantec, Tesco and Tommy Hilfiger.
ThreatMetrix will be featuring the ThreatMetrix™ Cloud-Based Fraud Prevention Platform which on a daily basis profiles over 15 million devices and screens hundreds of thousands of fraudulent transactions. ThreatMetrix serves hundreds of customers in e-commerce, financial services, payments, social networking/Web 2.0, affiliate marketing and government.
“European merchants find themselves under the same relentless pressure from fraudsters as their U.S. counterparts,” said Bert Rankin, vice president of marketing, ThreatMetrix. “ThreatMetrix has made significant investments in Europe to help companies in their fight against online fraud including opening a European headquarters office in The Hague, The Netherlands, securing certification as being compliant with the United States – European Union (EU) Safe Harbor Framework, and opening a data center in the United Kingdom.”
WHAT: ThreatMetrix will exhibit at the 2011 Merchant Risk Council e-Commerce Payments and Risk Conference
WHEN: May 18 – 20, 2011
WHERE: Hotel Melia, Barcelona, Spain
WHY: The ThreatMetrix Cloud-Based Fraud Prevention Platform incorporates ThreatMetrix SmartID™ cookieless device identification and enhanced mobile authentication that makes it easy for banks, merchants, online businesses, payment gateways and payment providers to detect and screen for fraud.
Conference attendees can learn about the comprehensive new platform that helps companies fight online fraud during account creation, login authentication and payment authorization, regardless of the device. New features of the platform include:
• Enterprise risk engine
• Global network intelligence
• Queue management
• Customizable alerting
• Online portal and dashboard for transaction monitoring and link analysis
• Bulletproof security and privacy protection
The Merchant Risk Council (MRC) is a merchant-led trade association focused on electronic commerce risk and payments globally. The MRC leads industry networking, education, benchmarking and advocacy programs to make electronic commerce more efficient, safe and profitable. For more information, visit www.merchantriskcouncil.org.
ThreatMetrix®, The Digital Identity Company®, is the market-leading cloud solution for authenticating digital personas and transactions on the Internet. Verifying more than 20 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.