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ID check and Profiling cobined
 July 2, 2008, 7:16 am (1 year ago)Combining the two suppliers of customer ID verification solutions and transactional scam profiling data and sharing their anti-fraud tools to offer an exclusive anti-fraud service to merchants the joint venture announced this week.
192.com Business Services is combining databases against which e-commerce providers run customer ID verifications. Fraud inhibition specialist, the 3rd Man, is a supplier of fraud checking services which identify fraud patterns by evaluating transactions from different merchants. Fraud prevention devices supplied by both companies have become well-known as de facto processes for the ecommerce industry and will now be provided as a consolidated service.
Either ID checking or profiling fraud alert data is the main issue for current frqud inhibition. The 192.com Business Services and the 3rd Man’s affiliation will lead to a single solution. This is convenient because it puts into operation a single technical interface to receive the benefit of a combined ID and pooled data solution.
Paul Simms, Chief Executive Officer at the 3rd Man said: “Our mutual aim is to make life easier for fraud managers at ecommerce and online gambling sites,” “192 and the 3rd Man already deliver fraud prevention capabilities to many of Europe’s leading ecommerce businesses. By combining our fraud prevention technologies we can now offer one integrated solution that will be even more effective in identifying and preventing fraud.”
Ian Green, director at 192, said: “There has been much talk about data sharing initiatives recently. Data sharing on its own is not a silver bullet but when coupled with customer identity verification the solution becomes immensely effective. The large existing customer base of 192 and the 3rd Man will be able to participate with minimal technical investment."
Tags: Combining, the, two, suppliers, of, customer, ID, verification, solutions, and, transactional, scam, profiling, data, and, sharing, their, anti-fraud, toolsAutomatic Translation
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