BOSTON, MA — (Marketwired) — 09/22/15 —
Global Risk Technologies has connected with INFORM–s award-winning anti-fraud solution RiskShield to provide intelligence for both source-point assessment and post chargeback dispute activity. A pioneer in chargeback remediation and loss prevention, Global Risk Technologies– proprietary technology is now coupled with RiskShield to offer the benefits of Intelligent Source Detection and loss prevention technology.
This innovative partnering of front-end, risk-based authorization and fraud detection technology (offered by INFORM and specifically catered to the fast-growing European landscape), coupled with back-end, post-chargeback source detection and revenue recovery (offered by Global Risk Technologies), will help balance the chargeback incidents occurring at an alarming rate (up 41% in the past two years), which is highly correlated with ecommerce growth.
Dr. Andreas Meyer, Director of Risk and Fraud at INFORM, commented: “We are pleased to join forces with Global Risk Technologies in the fight against multichannel fraud and chargebacks. We are confident that our award-winning, flexible anti-fraud solution, combined with a market leading post chargeback source detection and revenue recovery service, will be instrumental in protecting merchants and their bottom line.”
Colum Rafferty, Business Development Director at Global Risk Technologies, said: “Online shopping has forever changed the buying behaviors of consumers. Merchants and acquirers must deploy commercially sensitive tools to eliminate friction inside the business and minimize future losses across the value chain. Coupling these leading anti-fraud tools will free up valuable resources so merchants can focus on infrastructure, growth, advertising budgets and inventory management.”
This news will bolster stability and growth of traditional and more secure consumer payment methods across Europe and the United States and provide merchants and consumers with what they need most: a sensible, accountable, and standardized solution that can halt the rising tide of card-not-present chargebacks.
Headquartered in Dublin, Ireland, Global Risk Technologies provides a comprehensive and highly scalable enterprise solution for chargeback compliance, risk mitigation, fraud management and merchant sustainability services to European acquirers, card issuers and local merchants. The Global Risk Technologies solution is designed to meet the appetite in Europe for effective, sustainable chargeback remediation, providing highly scalable and sustainable technology for outsourced post-chargeback processing, risk mitigation and merchant education. It helps decrease the negative impacts of chargebacks, thereby increasing processing retention and revenues, and helping combat cyber-shoplifting, resulting in sustainable, secure growth.
INFORM Software is a global leading software company in fighting payment fraud with cards and on-line banking by implementing intelligent, customer-centric fraud detection and prevention solution. With RiskShield, INFORM offers a supervised-learning risk assessment solution that detects and manages suspicious activity with card transactions or online payments, minimizing losses, optimizing efficiencies, and protecting merchants and financial service providers from fraud. RiskShield provides a robust solution with superb fraud detection results that are reliable, fast and responsive in multiple industries, including the largest payment and card processors: First Data, Equens, SIA, ING and Rabobank. More than 1,000 companies worldwide benefit from using advanced optimization software by INFORM in industries such as transport logistics, airport resource management, production planning, payment & card risk management and insurance claims optimization. INFORM employs over 550 staff from more than 30 countries.
Winner of the for Best Data Security Solution
Stanley Harmsen van der Vliet
INFORM RiskShield
Tel: +49 2408 9456 5000
Valerie Harding
Ripple Effect Communications
Email:
Tel: 617-536-8887
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