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ThreatMetrix to Showcase Leading Online Fraud Detection Solutions at May 10 – 11, Payment China 2010 in Beijing

Posted May 4, 2010

Popularity of Asian Alternative Payment Options Represent an Attractive Target for International Cybercriminals

LOS ALTOS, CA. – May 4, 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 at Payment China 2010, May 10 – 11, at the InterContinental Hotels and Resort in Beijing, China.

The summit is jointly hosted by the Chinese Financial Professional Committee and the Financial Information Committee.
Payment China 2010 is a CEO level strategic world summit bringing together executive officials, payments decision-makers, experts from commercial banks, central banks, banking regulators, service providers, associations and corporate treasury departments to narrow the existing gaps between the demand for payment and settlement services and address technology and risk management.

“The economic rise of China – now the world’s third largest economy after the U.S. and Japan – is today’s new hunting ground for international cybercriminals who know no geographic boundaries where they can ply their trade,” said David Jones, chief technology officer, vice president of engineering and co-founder, ThreatMetrix. “China has fully embraced international business-to-consumer e-commerce. Unfortunately, along with that boom, the same card not present fraud that plagues western e-tailers, is now materially impacting business in China as well. Combine that with the growing popularity of alternative payment options in Asia – such as online payments and mobile banking – which in many cases is more established than in the U.S. – and you can see that China represents an attractive target for predatory professional fraudsters. ThreatMetrix looks forward to building upon our strong momentum in the U.S. and the European Union by taking our leading online fraud-fighting solutions to Asia via Payment China 2010.”

Conference themes will focus on:

  • Bank cards
  • E-payments
  • Corporate payment and trade finance
  • Stable and sustainable development
  • The new age of innovation for new value

WHAT:  Payment China 2010
WHEN:  May 10 – 11, 2010
WHERE:  InterContinental Hotels and Resort in Beijing, China
WHY:  ThreatMetrix detects and prevents payments and transaction fraud in online purchase scenarios where criminals use stolen credit cards to make purchases (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

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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