Tsys ProPay partners ThreatMetrix for fraud protection
16 July 2014 | 1736 views | 0
ProPay(R) , a TSYS(R) company, announced today a partnership with ThreatMetrix(R) to provide advanced fraud prevention solutions to its customers.
Through this partnership, ProPay customers can have access to state-of-the-art tools to help protect them against cybercriminals. The solution -- a cloud-based, real-time identity verification tool -- helps validate returning customers and prospects, while protecting a wide range of transactions, including account creation, login authentication, and payment authorization.
TSYS Guardian CyberShield(SM) , powered by ThreatMetrix, effectively differentiates between legitimate customers and potential fraudsters by leveraging the rich data and analytics in the ThreatMetrix(R) Global Trust Intelligence Network (The Network). This provides TSYS Guardian CyberShield access to the largest trusted identity network of shared intelligence, and provides insight into positive and negative behavior and threat intelligence -- for both online personas and devices -- using trust-based authentication. The Network sees more than 500 million monthly transactions, and protects more than 160 million active user accounts, 2,500 customers and 10,000 websites.
The Network empowers businesses to analyze the digital personas of website visitors in real time -- including their previous online behaviors and transactions -- before authorizing an online transaction. By doing so, TSYS Guardian CyberShield helps businesses reduce friction and arduous screening for legitimate returning online customers, while stopping cybercriminals in their tracks.
"We're pleased to begin offering our customers more sophisticated fraud prevention and detection tools," said Greg Pesci, president of ProPay. "The TSYS Guardian CyberShield, powered by ThreatMetrix, is just another example of our desire to provide a suite of payment solutions that allows our customers to focus on running their businesses while protecting against fraudsters."
"While many businesses are challenged with determining whether or not an online transaction, account login or other activity is fraudulent, The Network provides TSYS Guardian CyberShield the capability to identify high-risk transactions in real time without disrupting the online experience of trusted customers," said Bert Rankin, chief marketing officer of ThreatMetrix. "We're thrilled to partner with TSYS and ProPay to provide the most comprehensive fraud prevention solution on the market to a growing customer base."