ProPay, a TSYS company, announced a partnership with ThreatMetrix to provide advanced fraud prevention solution for its customers.
The solution named, TSYS Guardian CyberShield, is a cloud-based, real-time identity verification tool, which verifies returning customers and prospects, while protecting an array of transactions, including account creation, login authentication, and payment authorization.
The new fraud prevention platform, powered by ThreatMetrix, claims to accurately differentiate legitimate customers from fraudsters in real time, thereby protecting them against cybercriminals, according to TSYS.
In order to detect potential fraudsters, TSYS Guardian CyberShield uses the rich data and analytics in the ThreatMetrix Global Trust Intelligence Network (The Network). This network sees over 500 million monthly transactions, and protects more than 160 million active user accounts, 2,500 customers and 10,000 websites.
Prior to authorizing an online transaction, the network allows businesses to analyze the digital personas of website visitors in real time, comprising their previous online behaviors and transactions.
ProPay president Greg Pesci said, "We’re pleased to begin offering our customers more sophisticated fraud prevention and detection tools.
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"The TSYS Guardian CyberShield, powered by ThreatMetrix, is just another example of our desire to provide a suite of payment solutions that allows our customers to focus on running their businesses while protecting against fraudsters."