MIAMI, FL — (Marketwired) — 08/29/16 — (OTC PINK: LAHO) in collaboration with Payment Reservations, Inc. is pleased to announce the launch of PayCertify Gateway. Payment Reservations, Inc. is a leading provider of payment fraud prevention. PayCertify is a patent pending electronic verification and authentication technology that provides a solution to online businesses facing the substantial loss of revenue from payment fraud. This multi-step process recognizes fraud and certifies authenticity giving online businesses several tools in a single integration.
PayCertify Gateway bundles effective verification tools to provide the most reliable detection of online fraud allowing merchants to do a single point integration by conducting a thorough check of the buyer before the card is processed. This will generate a policy to guarantee the transaction. If the transaction passes these two checkpoints, an authorization occurs allowing their transaction to be authenticated by the proprietary PayCertify verification method. Once the transaction is verified the charges will be processed.
Fraud has increased 11% since October and 215% from last year. There were 27 attacks (fraudsters posing as good paying customers) for every 1,000 transactions conducted in the last quarter of 2015. The Global Fraud Index, a PYMNTS and Forter collaboration, reports a 150% increase in dollars at risk for online businesses and 83% of fraud attacks that deploy malicious fraud tools called “Botnets” (networks of infected computers) to mount attacks.
PayCertify Gateway provides an effective solution to detect these malicious attacks and fraudsters to reduce the revenue at risk by guaranteeing the transactions and certifying the person making their payment.
“We are very pleased with the results our proprietary payment platform has been delivering to our resellers, channel partners and enterprise merchants. We are excited to have partnered with the team at Lans Holdings, Inc., in our collaborative efforts to co-develop and distribute our payment platform to many vertical markets.”
“For years retailers have been facing the challenges of payment fraud; there are some great tools in the market place, however they are fragmented and not cohesive. Launching the PayCertify Gateway provides a powerful fraud-fighting tool for online businesses to make drastic cuts in lost revenues. We are excited for opportunity that this collaboration provides for Lans Holdings. The relationship with PayCertify is consistent with our strategy to improve our client–s payment eco-systems and driving more profit.” .
Lans Holdings provides secure payment solutions. The Company makes it easy for sellers to start selling, and buyers to buy with confidence. The Company solutions are used to enable businesses to process payments more efficiently whether online or in a retail store front. The Company provides white label solutions for payment service providers to enable business to consumer and business to business payments through physical POS, mobile devices, online and software integrations. Lans Holdings is focused to provide emerging payment solutions that motivate and reward our clients for adopting more secure payment systems in their businesses.
Forward Looking Statements
Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words “plan”, “forecast”, “anticipates”, “estimate”, “project”, “intend”, “expect”, “should”, “believe”, and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company–s actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company–s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Lans Holdings Inc., herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Lans Holdings Inc., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
Lans Holdings, Inc.
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