Payment Fraud Prevention: MGS partners with ThreatMetrix
Posted on Wed, Mar 16, 2011
Leading Payment Gateway Provider Cites ThreatMetrix’s Ability to Handle Web Payments and New Account Originations in One Solution
LOS ALTOS, CA. – March 17, 2011
ThreatMetrix™ , the fastest growing provider of cloud-based fraud prevention solutions that do not require personally identifiable information (PII), today announced that Maas Global Solutions (MGS), a leading technology and payment gateway company that provides transaction processing for financial and non-financial customers, has selected ThreatMetrix to help detect and prevent online fraud and abuse for its Paymentsite.com gateway customers.
MGS has business relationships with many of the largest payment processors in the U.S. Their Paymentsite.com gateway is integrated with RBS Worldplay, TSYS Merchant Solutions (formerly First National Merchant Solutions), Heartland Payment Systems, Chase Paymentech and FDC North for credit card processing and Jack Henry’s Profit Stars for ACH and check processing.
“In building the MGS brand it’s important for us to establish relationships with companies that are best-in-class,” said Troy Maas, president and CEO, Maas Global Solutions. “After a review of competitive offerings, it was clear to me that ThreatMetrix provides a superior fraud prevention solution that we can efficiently incorporate into our Paymentsite.com solution.”
According to Maas, MGS plans to utilize the ThreatMetrix Fraud Network for web payments and new account originations on its Paymentsite.com solution which manages the entire payments cycle for merchants from any computer with an Internet connection.
“We like the fact that ThreatMetrix has one integrated solution for these different use cases so we don’t have to cobble together different offerings,” said Maas. “We want to tie together the device ID that is used when digital signatures are accepted in online applications for new accounts. An online application may be filled out by a sales rep on behalf of a merchant, or the merchant himself. When you get to the end of the application, you have to insert a digital signature on the terms and conditions. While we’ve already authenticated their identity when they click on the digital signature, it’s valuable to confirm the device ID as well.”
“ThreatMetrix is pleased to work with Maas Global Solutions in providing powerful fraud detection and prevention capabilities to their Paymentsite.com solution,” said Bert Rankin, vice president of marketing, ThreatMetrix. “Paymentsite.com merchant customers will benefit by being able to stop fraud at the first attempt in real-time, even if it is the first time that the device has visited their Website.”
About Maas Global Solutions Corporation
Maas Global Solutions Corporation (MGS) is a transaction technology company that owns and operates a state-of-the-art, fully redundant, load balanced data center that is Payment Card Industry (PCI) Level I, SAS 70 and Health Insurance Portability and Accountability Act (HIPAA) certified. MGS uses the latest security methods to keep sensitive customer information safe and secure. The MGS data center is currently used by thousands of retail and card not present merchants, has an 99.99% uptime and has the excess capacity to process over 100 times the current processing volume and 10’s of thousands more merchants without significantly adding to the hardware configuration. For more information, visit www.maasglobalsolutions.com.
ThreatMetrix helps companies stop web fraud and accelerate e-commerce in real-time so they can significantly reduce online fraud, acquire more customers faster, reduce costs, and increase customer satisfaction. The ThreatMetrix Fraud Network helps online businesses verify new accounts, authorize payments and transactions and authenticate user logins in real-time without relying on personally identifiable information (PII). ThreatMetrix profiles the device used in an online transaction so companies can determine whether the users are fraudsters or customers. ThreatMetrix device profiling goes beyond browser fingerprinting to identify the device, bypass proxies and detect the use of botnets. ThreatMetrix’ simple and cost-effective software-as-a-service (SaaS) approach to implementation enables companies to get results in hours or days, rather than weeks or months. The company serves a rapidly growing customer base in the U.S. and around the world across a variety of industries including social networks (dating, gaming), financial services, e-commerce, affiliate marketing and payments. For more information, visit www.threatmetrix.com or call 1-650-625-1451.
© 2011 ThreatMetrix. All rights reserved. ThreatMetrix, ThreatMetrix SmartID, ThreatMetrix ExactID, and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries.
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