SOURCE: Vindicia

March 03, 2008 09:00 ET

Vindicia Joins Merchant Risk Council as Signature Member

Company's Integrated Billing and Fraud Management Solutions Complement Trade Association's Vision of the Internet as a Preferred Place to Do Business

SAN MATEO, CA--(Marketwire - March 3, 2008) - Vindicia, a leading provider of on-demand payment management software, today announced it has joined the Merchant Risk Council (MRC) as a Signature Member. As the retail industry's leading trade association for preventing online fraud and promoting secure e-commerce in global online payments, the MRC is dedicated to working with merchants and law enforcement to make the Internet a safer place to do business.

The MRC is made up of more than 7,500 members, including 120 of the world's largest Internet retailers who together account for approximately 15 percent of all e-commerce revenue. To prevent Internet fraud, the MRC advises organizations to employ best practices. The industry association educates businesses by disseminating information among members about the most effective fraud prevention practices and encourages connections between members within the industry.

Vindicia joins the MRC as a Signature Member, enabling the company to participate on MRC committees to further the organization's mission. As a Signature Member, Vindicia also gains an important channel for addressing the industry through MRC-sponsored forums. Vindicia Chairman and CEO, Gene Hoffman, for example, will address MRC members and Conference attendees at the 6th Annual Merchant Risk Council Conference in Las Vegas, beginning today and running through March 6 (https://www.merchantriskcouncil.org/page.php?p_page_child_id=178).

In a session titled, "The Secrets to Chargeback Dispute Success," Hoffman will outline strategies to tackle the different types of fraud, best practices for disputing chargebacks, and how best to manage the tension between revenue generation and fraud management. For additional Conference information please visit https://www.merchantriskcouncil.org/conference

"The MRC's mission includes facilitating industry-wide discussions regarding the path to secure e-commerce," said MRC Executive Director, Tom Donlea. "With its integrated billing and fraud management solutions, Vindicia brings an important perspective to this discussion. We are pleased to welcome Vindicia to the MRC and look forward to their company's contributions."

"The challenge of ensuring secure online commerce transactions globally for merchant and consumer alike is bigger than any one company," said Vindicia Chairman and CEO, Gene Hoffman. "The MRC plays an important role in bringing together the many various components necessary to realize this ambitious goal. We look forward to taking advantage of our membership in the MRC to play an active part in this discussion."

About The Merchant Risk Council

The Merchant Risk Council (MRC), the retail industry's leading trade association for preventing online fraud and promoting secure e-commerce in global online payments, is dedicated to working with merchants and law enforcement to make the Internet a safer place to do business. The MRC's mission is to foster a secure e-commerce environment and ensure the Internet is a safe and preferred place to shop and do business. The MRC is made up of more than 7,500 members including 120 of the world's largest Internet retailers who account for approximately 30 percent of all e-commerce revenue. The MRC is headquartered in Seattle, Washington.

To learn more about the MRC, visit: www.merchantriskcouncil.org

About Vindicia

Vindicia offers an integrated, on-demand billing and fraud management solution for online merchants. Vindicia CashBox™ is a best-of-breed billing system for creating and managing recurring payments and helps merchants improve customer retention and maximize profit. Vindicia ChargeGuard™ provides automated fraud screening and chargeback management services that enable merchants to recover lost revenue. A PCI Service Provider Level 1 company and SAS 70 Type 2 audited, Vindicia is a key payment management resource for some of the best-known brands on the Internet.

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