ThreatMetrix provides fraud prevention solutions to ProPay customers

Wednesday 16 July 2014 14:15 CET | News

ProPay, a US-based online payments services provider and a TSYS company, has entered a partnership with ThreatMetrix, a US-based provider of integrated cybercrime prevention solutions, to provide fraud prevention solutions to its customers.

As per the agreement, ProPay customers can have access to tools which will help them protect against cybercriminals. The solution, dubbed TSYS Guardian CyberShield, is a cloud-based, identity verification tool, which helps validate returning customers and prospects, while protecting transactions, including account creation, login authentication, and payment authorization.

TSYS Guardian CyberShield is able to differentiate between legitimate customers and potential fraudsters by leveraging the data and analytics in the ThreatMetrix Global Trust Intelligence Network (The Network). This provides insight into positive and negative behaviour and threat intelligence, for both online personas and devices, using trust-based authentication. The Network sees more than 500 million monthly transactions, and protects more than 160 million active user accounts, 2,500 customers and 10,000 websites.

Founded in 1997, ProPay currently processes for approximately 250,000 small merchants enabling them to accept payments while on the go. ProPay provides a mobile payment acceptance dongle dubbed ProPay JAKTM that attaches to smart phones and tablets to process payments and encrypt data.

ThreatMetrix serves a global customer base across a variety of industries, including financial services, ecommerce, payments, social networks, government and healthcare.

For more information about ThreatMetrix, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ThreatMetrix, fraud prevention solutions, ProPay, web fraud, security
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime