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Posted June 7, 2011
Leading Payment Processor Implements ThreatMetrix Cloud-Based Fraud Prevention Platform to Secure Log-Ins and CNP Payments
LOS ALTOS, CA. – June 8, 2011 – ThreatMetrix™, the fastest growing provider of cloud-based fraud prevention solutions that do not require personally identifiable information (PII), today announced that USA ePay, a leading payment processing gateway provider for e-commerce, mobile and mail order customers, has selected ThreatMetrix to help detect and prevent online fraud and abuse for its customers.
“We were experiencing various fraud attempts on our system, particularly with account log-ins and Web payments,” said Ben Goretsky, CEO, USA ePay. “What’s happening in the industry is that merchants’ computer systems are being phished for user names and passwords while also being infected by Trojan viruses. The problem stems from the fact that online fraud attacks are becoming increasingly sophisticated; simplistic solutions no longer work. We needed a leading edge solution, from a market leading company, to address this 21st century threat.”
Goretsky said ThreatMetrix came highly recommended by one of the top credit card companies. “We had three other companies in the running but we liked the fact that ThreatMetrix already worked with other companies in our industry,” he said. “They also provide a flexible, customizable risk scoring solution that can be tailored to our needs, and enable us to screen for log-in and payment fraud from one integrated platform.”
According to Goretsky, USA ePay also liked ThreatMetrix’s out-of-the-box reporting capabilities whereby USA ePay technical analysts can drill down on each device ID to determine the proxy IP address, email address, true IP address and other key data to help determine whether a specific log-in or payment transaction is legitimate or potentially fraudulent.
“The challenge for payment processors today is to provide their customers with fast, reliable and convenient payments while at the same time protect them and their customers from becoming victims of fraud,” said Bert Rankin, vice president of marketing, ThreatMetrix. “ThreatMetrix helps payment processors meet these fraud challenges, making them and their customers more competitive.”
Since 1998 USA ePay, a GorCorp Inc. company, has been helping merchants process their credit card and check transactions with speed and security. Founded by the Goretsky brothers, the company is family-owned and based in Los Angeles, CA. Currently the USA ePay gateway supports all of the major platforms (First Data, TSYS, Global, Paymentech) in the credit card industry and works with some of the leading check platforms. USA ePay is also pleased to work with many of the larger merchant service banks in the US and abroad. For more information, please visit www.usaepay.com or call 866.USA.EPAY (872-3729).
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.