ThreatMetrix US Patents Press Releases

ThreatMetrix to Showcase Leading Online Fraud Detection Solution at April 25 – 28 PAYMENTS 2010 NACHA Conference

Posted April 19, 2010

LOS ALTOS, CA.  –  April 19, 2010 –ThreatMetrix™, a fast growing provider of fraud detection solutions that do not require personally identifiable information (PII), today announced that it will be exhibiting in Booth 833 at PAYMENTS 2010, the annual conference of NACHA – The Electronic Payments Association, April 25 – 28, at the Washington State Convention Center, Seattle, Washington.

The PAYMENTS 2010 conference provides the latest research, industry pilot results, insights, trends, and forecasts delivered by expert payments practitioners from around the world. NACHA supports the growth of the Automated Clearing House (ACH) Network by managing its development, administration, and governance. The ACH is an electronic network for financial transactions in the United States.

The ACH Network facilitates global commerce by serving as a safe, efficient, ubiquitous, and high-quality electronic payment system. More than 15,000 depository financial institutions originated and received 18.2 billion ACH payments in 2008. NACHA represents nearly 11,000 financial institutions through 18 regional payments associations and direct membership. Through its industry councils and forums, NACHA brings together payments system stakeholder organizations to encourage the efficient utilization of the ACH Network and develop new ways to use the Network to benefit its diverse set of participants.

WHAT:    PAYMENTS 2010

WHEN:   April 25 – 28, 2010

WHERE: Washington State Convention Center, Seattle, Washington

WHY:      ThreatMetrix detects and prevents payments and transaction fraud in electronics transaction scenarios where criminals use stolen credit cards to make purchases online (often referred to as card not present or CNP).

To read a whitepaper on the ThreatMetrix Fraud Network, go to:

http://info.threatmetrix.com/ThreatMetrix-fraud-network.html

Key benefits of the ThreatMetrix Fraud Network to NACHA members include:

  • Stop chargebacks, payments and transaction fraud the first time based on device anomalies
  • Instantly recognize device, credential and behavioral anomalies based on transaction or payment context
  • Leverage improved decision management tools to help you analyze report and control transaction fraud
  • Increase revenue by declining good customers less often

About ThreatMetrix

ThreatMetrix helps companies stop web fraud and enable e-commerce. The ThreatMetrix Fraud Network helps online businesses verify new accounts, authorize payments and transactions and authenticate user logins in real-time without relying on personally identifiable information (PII). ThreatMetrix profiles the device used in an online transaction so companies can determine whether the users are fraudsters or customers. ThreatMetrix device profiling goes beyond browser fingerprinting to identify the device, bypass proxies and detect the use of botnets. ThreatMetrix’ simple and cost-effective SaaS approach to implementation enables companies to get results in hours or days, rather than weeks or months. The company serves a rapidly growing customer base in the U.S. and around the world across a variety of industries including social networks (dating, gaming), financial services, e-commerce, affiliate marketing and payments.  For more information, visit www.threatmetrix.com or call 1-650-625-1451.

© 2010 ThreatMetrix.  All rights reserved. ThreatMetrix and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

Media Contacts:

Dan Rampe
ThreatMetrix
Tel: 650-625-1451, ext. 122
Email: drampe@threatmetrix.com

Kevin Wolf
Tool Guy PR
Tel: 650-327-1641
Email: Kevin@toolguypr.com



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