Ethoca Limited (Ethoca), the leader in collaborative fraud management, announced today that ClickandBuy Limited (ClickandBuy) is the latest e-commerce company to join Ethoca's rapidly expanding community committed to fighting fraud.
ClickandBuy helps merchants from all over the world increase their e-commerce revenues by making it easy to buy and sell online. The ClickandBuy system offers their customers the possibility to make safe and convenient purchases of Internet content and services. 7,000 online merchants are successfully using ClickandBuy worldwide, including Apple iTunes, BT, Skype, msn, AOL, Electronic Arts (EA), GMTV, Betfair, ScanDisk, tiscali, T-Online and Disney.
"Adding Ethoca's collaborative fraud management service enhances our risk management system," said Joerg Heidenreich, VP, ClickandBuy. "Ethoca is the only service that allows us to benefit from the fraud experiences of other companies. I encourage others to join us with Ethoca."
This recent announcement underscores the growing movement towards collaborative fraud management as the next step in fighting fraud on a global basis. Ethoca recently added a number of publicly traded and recognized leaders to its community, and expects other significant announcements in the months ahead. Companies that use Ethoca's service see fraud management as an area for cooperation - not competition.
"Why fight fraud alone?" said Andre Edelbrock, Ethoca President and CEO. "ClickandBuy, and other global leaders in e-commerce, see Ethoca's collaborative fraud management service as a way to inform their decisions - and enhance their profitability on thousands of transactions every day. The time to join is now."