SOURCE: ThreatMetrix

ThreatMetrix

March 08, 2011 06:00 ET

Moneris Solutions Adds ThreatMetrix Device Identification Capabilities to Its Online Merchant Fraud Protection

A Leading Provider of Payment Processing Solutions Has Selected ThreatMetrix for Its Comprehensive Enterprise Rules and Policy Engine Geared to Prevent Fraud

LOS ALTOS, CA--(Marketwire - March 8, 2011) - ThreatMetrix™, the fastest growing cloud-based provider of fraud prevention solutions that do not require personally identifiable information (PII), today announced that Moneris Solutions has selected ThreatMetrix to help prevent online fraud and abuse.

"With the potential increase in merchant demand for more enhanced fraud prevention solutions we sought out more robust offerings, eventually turning to ThreatMetrix," said Terry Langdon, director of Web-based solutions, Moneris Solutions. "We will integrate the ThreatMetrix Fraud Network solution into our e-commerce APIs so our customers can quickly adopt them, further adding value to the Moneris-merchant relationship."

According to Langdon, Moneris Solutions was attracted by ThreatMetrix's enterprise rules and policy engine ability that enables fraud analysts to detect proxy usage, botnets, script attacks and other anonymization attempts, and allows for customizable policies and rules specific to their business requirements.

"ThreatMetrix provides customers with a configurable transaction behavior-based rules engine, with default templates for common use cases backed by machine learning algorithms for predictive scoring," said Bert Rankin, vice president of marketing, ThreatMetrix. "We look forward to working with Moneris Solutions, helping them provide their merchants with more timely and comprehensive information about each transaction."

In addition to the behavior-based rules engine, reputation scores are calculated algorithmically based on transaction feedback across the ThreatMetrix Fraud Network.

"Our goal is to give a relevant result to our merchants to help them quickly and efficiently differentiate between low and high risk transactions. We want to reduce the number of times they have to investigate a transaction," said Langdon. "The bottom line is that we're helping our merchants grow by enabling them to conduct more transactions quickly and safely. Having the right mix of technology with rules-based processing and device fingerprinting is important."

About Moneris Solutions

As one of North America's largest providers of payment processing solutions, Moneris offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions annually. Through its Ernex division, Moneris offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.

About ThreatMetrix

ThreatMetrix helps companies stop web fraud and enable e-commerce in real-time so they can significantly reduce online fraud, acquire more customers faster, reduce costs, and increase customer satisfaction. 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 software-as-a-service (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 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.

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