24 May 2018
Visit aciworldwide.webex.com

Litle & Co signs for ThreatMetrix fraud detection tech

10 February 2014  |  1676 views  |  0 Source: Vantiv

Vantiv (NYSE: VNTV), announced today that its subsidiary Litle & Co., a leading ecommerce payment processor, has signed an agreement with ThreatMetrix, the fastest-growing provider of integrated cybercrime prevention solutions, to incorporate ThreatMetrix's Payment Fraud solution into Litle's Fraud Toolkit.

With the addition of ThreatMetrix, Litle now offers merchants ever more advanced tools - including device fingerprinting, IP geolocation, proxy and VPN detection, and reputation scoring - for detecting and preventing sophisticated, emerging fraud attacks. Litle's advanced fraud tools, powered by ThreatMetrix, can help merchants mitigate fraud in card-not-present (CNP) commerce and reduce the impact from fraud, which resulted in an estimated $3.5B in costs and losses to North American CNP merchants in 2012[1].

"We're committed to providing our clients with the latest tools needed to execute a comprehensive fraud strategy," said Bill Weingart, chief product officer at Vantiv. "That's why we enhanced our Fraud Toolkit with ThreatMetrix. Their continuing investment in product innovation and data infrastructure ensures that Litle and its clients can count on protection not only from today's threats, but also those that will emerge in the future."

ThreatMetrix correlates a visitor's online behaviors and association through the rich data and advanced analytics in the ThreatMetrix(TM) Global Trust Intelligence Network (The Network). The Network is the only global data repository that provides insight into positive and negative behavior, and threat intelligence, for both online personas and devices using trust-based authentication. The platform enables businesses to analyze the digital personas of website visitors, including their previous online behaviors and transactions, before authorizing an online transaction. By doing so, ThreatMetrix further helps businesses reduce friction for legitimate, returning online customers while stopping cybercriminals from coming through businesses' front doors.

"We are pleased that Litle chose to partner with ThreatMetrix in our continuing efforts to protect merchants against payment fraud," said Bert Rankin, chief marketing officer at ThreatMetrix. "The dynamic and persistent nature of fraud, particularly in the CNP marketplace, makes agility and innovation imperative to its prevention. These shared values form the foundation of both of our companies' cultures, and we are very excited about this partnership." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.niceactimize.comVisit www.vasco.com/news/mobile-firstVisit aciworldwide.webex.com

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
10421 views comments | 16 tweets | 28 linkedin
satelliteAnt Financial provides tech for China Ever...
10397 views comments | 1 tweets | 2 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
9095 views comments | 6 tweets | 5 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
7954 views comments | 18 tweets | 22 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7759 views comments | 8 tweets | 6 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job