Verifi and ThreatMetrix in payment fraud pact

Source: Verifi

Verifi™, Inc., a leading provider of payment risk management solutions for card-not-present (CNP) merchants announced today a partnership with ThreatMetrix™, a fast growing provider of fraud detection solutions, to deliver advanced fraud detection to merchants through Verifi's payment risk management system.

The partnership provides Verifi customers with an additional protective layer of on-demand fraud intelligence and data matching to help merchants detect fraudulent customers and identify good and returning customers. Through Verifi's platform, customers will have access to ThreatMetrix's forensic risk assessment tools and its global fraud knowledge share database.

Current customers already use Verifi's full service payment management system, which screens and reviews high risk transactions and comes with the best possible suite of proprietary and third party fraud detection and prevention tools. Clients also use Verifi's best-in-class managed services for declines, refunds and chargebacks. The addition of ThreatMetrix's advanced fraud tools and network to Verifi's full service risk and fraud payment management system, analytics and reporting provides Verifi customers with the strongest defense against hackers, cybercriminals and large-scale global fraud enterprises without disrupting the consumer checkout experience. And with Verifi's single source platform, customers gain immediate access to all of Verifi's partner fraud and risk management solutions without the need for any additional integration.

"Card-not-present merchants can now benefit from the combined capabilities of the ThreatMetrix Fraud Network with Verifi's leading global electronic payment and risk management solutions to fight CNP fraud and streamline customer web payments," said Alisdair Faulkner, chief products officer, ThreatMetrix.

"One of the most common challenges we hear from our customers is how frequently they must plan for, invest in and allocate internal resources for the implementation of new technologies. Reducing this burden is one of the added benefits customers receive when they use Verifi's platform. By partnering with ThreatMetrix, we not only significantly reduce this burden, but we continue our quest to provide our clients with the best and most complete set of global frraud tools available." Jeff, Sawitke, Vice President, Product Management, Verifi inc.

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