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July 17, 2014updated 04 Apr 2017 4:06pm

ProPay, ThreatMetrix launch advanced fraud prevention solution

ProPay, a TSYS company, announced a partnership with ThreatMetrix to provide advanced fraud prevention solution for its customers.

By Verdict Staff

ProPay, a TSYS company, announced a partnership with ThreatMetrix to provide advanced fraud prevention solution for its customers.

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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.

"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."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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