SOURCE: Silver Tail Systems

Silver Tail Systems

March 24, 2011 08:00 ET

Silver Tail Systems Wins 2011 Emerging Technology Award From Merchant Risk Council

Silver Tail Systems Earns Recognition for Detection, Investigation and Mitigation of Online Fraud for e-Commerce Companies

PALO ALTO, CA--(Marketwire - March 24, 2011) -   In an effort to recognize the most innovative payment, fraud and security tools in electronic commerce, the Merchant Risk Council (MRC) honored Silver Tail Systems, Inc. as the winner of the first Emerging Technology Awards (METAwards). This award recognizes Silver Tail Systems' commitment to detecting and preventing fraud and abuse to some of the world's leading websites through predictive analytics for online sessions.

Silver Tail Systems received the METAward at MRC's Annual e-Commerce Payments and Risk Conference in Las Vegas on March 23, 2011 and was selected by a top-notch, diverse panel of judges comprising representatives from leading brands such as: BestBuy.com, eBay, Go Daddy, HP, Microsoft, NCsoft, Overstock.com, Tiffany & Co., T-Mobile, Tobi.com, Urban Outfitters, among others.

Silver Tail Systems is a known leader in a new generation of fraud prevention tools that help customers quickly discover and remediate exploits, saving considerable time and resources typically spent on analysis and clean-up of damaged webpages. Silver Tail Systems specifically addresses the security requirements of e-commerce websites with the following:

  • Behavioral analysis -- proactive identification of new and suspicious behavior on websites or events. Websites no longer have to rely on customers to report problems, as Silver Tail detects malicious behavior in real-time and immediately sends notifications and alerts.
  • Investigation tools -- easy and efficient tools for investigating exploits and suspicious behavior. No more culling through web logs to determine how bad actors are perpetrating fraud.
  • Immediate response -- business owners can immediately change business logic flows for bad actors without impacting good users -- in real-time and without requiring engineering resources.

"With almost $3 billion in losses from e-commerce fraud during 2010, it is vital for merchants to have the best tools in place to protect their customers, their businesses and their reputations," said Timothy Eades, CEO of Silver Tail Systems.(1) "This award validates our commitment to providing innovative solutions that address online payment fraud and we are thrilled to be recognized by the MRC for our efforts."

About the Merchant Risk Council
The Merchant Risk Council leads industry networking, education, benchmarking and advocacy programs designed to make electronic commerce more efficient and safe. Today, with the power of its member-base, the MRC is the leading trade association for managing payments, preventing online fraud and promoting secure e-Commerce. The MRC is dedicated to working with e-Commerce and multi-channel merchants, payment processors, credit card issuers, credit card brands, alternative payment providers, risk management leaders, and a variety of law enforcement agencies to improve the online shopping channel.

About Silver Tail Systems
Silver Tail Systems is the leading provider of predictive analytics for detection and prevention of fraud and abuse to some of the leading websites in the world. The company offers the industry's most comprehensive suite of fraud detection and mitigation solutions. Serving some of the world's largest financial institutions and e-commerce companies, Silver Tail Systems' award-winning solutions are made possible by the unmatched expertise of its management and technology teams, who bring deep experience, know-how and personal commitment to protect their customers' businesses against online fraud. For more information, visit Silver Tail Systems at www.silvertailsystems.com.

(1) E-Commerce News. "Online Fraud Losses Decline in 2010." January 18, 2011
< http://ecommercejunkie.com/2011/01/18/online-fraud-losses-decline-in-2010/ >.

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