Ethoca’s newly-launched service FraudStop is set to allow online merchants to contribute to research analysis, thus preventing future frauds. To benefit from FraudStop, an organization has to start the application on Ethoca’s website and wait for the company’s approval to become a member. Each member has the possibility to contribute confirmed fraud incidents via a web interface, uploading batch files, or using an application programming interface (API) to connect with Ethoca’s PCI Certified system. Members receive a daily list of confirmed fraud incidents. FraudStop does not allow member identification and no one is able connect a particular fraud incident to a particular member. Additionally, members receive FraudStop Reports with information on trends and results.
Ethoca has entered a partnership with the National Cyber-Forensics & Training Alliance (NCFTA) to mitigate frauds specifically targeted at e-commerce.
Ethoca provides fraud detection services to card-not-present merchants (those receiving orders by website, fax, catalogue or telephone). The company partners with payment processors, fraud prevention vendors, identity services providers, card acquirers, card issuers, resellers and industry organisations.
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