SOURCE: Fraud.net

Fraud.net

May 18, 2016 14:27 ET

Fraud.net Named Finalist for the Prestigious 2016 Red Herring Top 100 North America Award

NEW YORK, NY--(Marketwired - May 18, 2016) - Fraud.net announced today it had been selected as a finalist for Red Herring's Top 100 North America award, a prestigious list honoring the year's most promising private technology ventures from the North American business region.

Red Herring has been selecting the most exciting and promising start-ups and "scale ups" since 1995. Finalists are still evaluated individually from a large pool of hundreds of candidates based across North America. Twenty major criteria underlie the scoring and process. They include, among others: the candidate company's addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues and management's expertise. Each company goes through an individual interview after filling out a thorough submission, complemented by due diligence from the Red Herring panel. The list of finalists includes some of the best performing and prominent companies of that year.

This unique assessment of potential is in addition to a review of the company's actual track record and standing, which allows Red Herring to see past the "buzz" and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

2016 will be remembered as a special vintage. "The finalists' list confirms the excellent choices made by entrepreneurs and VCs and the start-ups' solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States' entrepreneurial excellence," said Alex Vieux, publisher and CEO of Red Herring.

Finalist selections for the 2016 edition of the Red Herring 100 North America award are based upon technological innovation, management strength, market size, investor record, customer acquisition and financial health.

About Fraud.net

Fraud.net is the leader in crowdsourced e-commerce fraud prevention, currently protecting approximately 2% of all US e-commerce. The Fraud.net platform enables merchants to pool their fraudulent and suspicious order data into a real-time, searchable and sharable data store, and represents the largest merchant-led effort to combat online fraud to date. Its unified algorithmic architecture combines 1) collective intelligence, 2) cognitive computing (such as dynamic machine learning) and 3) rules-based decision engines to detect fraud in real-time, at scale. The platform delivers unprecedented business intelligence and embedded control through its comprehensive risk management and analytics solutions.

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