ThreatMetrix, a fast growing provider of fraud prevention solutions that do not require personally identifiable information (PII), today announced that it has signed a reseller agreement with Rikei Corporation, a Japan-based information technology company, to resell ThreatMetrix Fraud Network solutions to control online fraud and abuse in Japan.
As part of the reseller agreement, Rikei has assembled a dedicated ThreatMetrix team focused on online banking, e-commerce and social networking.
"We're pleased to announce that we've selected Rikei Corporation to resell our leading ThreatMetrix Fraud Network online fraud solutions in Japan," said David Jones, chief technology officer, vice president of engineering and co-founder, ThreatMetrix. "With the second largest Internet population in Asia Pacific after China, and as more Japanese companies adopt card not present (CNP) transactions, fraudulent credit card orders are on the rise. ThreatMetrix Fraud Network solutions can help these companies stop fraud so that they can sell more, grow faster, protect their brands, and provide customers a better online experience."
Delivered via the software-as-a-service (SaaS) model, ThreatMetrix Fraud Network solutions provide IT, e-commerce, security and fraud professionals with a rich set of tools for verifying new accounts, authorizing payments and transactions, and authorizing user logins, all in one integrated system, in real-time, without customers providing PII.
Most fraud prevention and customer authentication systems use PII to determine whether a customer is legitimate or a fraudster. But sophisticated cyber criminals can easily circumvent this challenge, and web users are increasingly reluctant to share personal information when shopping, sharing and banking online. ThreatMetrix solutions, which profile the computer used to create an account or execute a transaction, are popular among security professionals because they don't require the use of PII to assess customer legitimacy. Instead, ThreatMetrix' unique packet signature analysis technology detects the use of botnets and proxies, and reveals the true location of the device as well as the device's identity.