ID Analytics, a leader in consumer risk management, and IdentityMind, an on-demand anti-fraud and risk management platform, announced a partnership to provide eCommerce retailers, acquirers and payment service providers (PSPs) with an integrated solution designed to minimize merchant account risk with improved fraud detection.
The solution enables merchants, acquirers and PSPs to leverage the power of ID Analytics’ eCommerce suite through IdentityMind’s Anti Fraud and Merchant Account Risk Platform—improving online merchants’ performance with effective anti-fraud tools and helping acquirers and PSPs manage risk associated with merchant accounts from underwriting to operations.
IdentityMind customers can now take advantage of four specific solutions in the ID Analytics eCommerce suite:
- ID Score®— Delivers a highly accurate, on-demand assessment of the risk of an individual at account opening and throughout the customer lifecycle. ID Score Account Takeover also enables retailers to accurately assess account takeover risk while maintaining positive customer relationships and minimizing costs.
- Transaction Protector™— A powerful transaction fraud score designed for the eCommerce market, incorporating both identity and online transaction data.
- Transaction Advanced Intelligence™— A series of attributes which deliver granular, real-time risk insight on an online transaction from the ID Network, for organizations that choose to create custom analytic models and strategies.
- Transaction Takeover™— The ability to help qualify new merchants and to help IdentityMind customers detect when an online account has been compromised, whether it is on a desktop, mobile or tablet device.
IdentityMind™ is an on-demand anti-fraud and risk management platform. IdentityMind™ helps online merchants, Acquiring entities and Payment Service Providers (PSP) stop fraud while maximizing accepting good transactions and minimizing manual review costs. IdentityMind™ tracks Internet Identities based on its patent-pending IdentityMind eDNA™. Internet consumers are passively challenged by comparing the eDNA™ of the owner of the card to the eDNA™ observed at the time of the transaction. Identities are matched across devices, payment instruments, geolocations, etc. For more information, visit http://www.identitymind.com or email pr(at)identitymind(dot)com.
About ID Analytics, Inc.
ID Analytics is a leader in consumer risk management with patented analytics, proven expertise, and real-time insight into consumer behavior. By combining proprietary data from the ID Network®— one of the nation’s largest networks of cross-industry consumer behavioral data—with advanced science, ID Analytics provides in-depth visibility into identity risk and creditworthiness. Every day, many of the largest U.S. companies and critical government agencies rely on ID Analytics to make risk-based decisions that enhance revenue, reduce fraud, drive cost savings, and protect consumers. ID Analytics is a wholly-owned subsidiary of LifeLock, Inc. Please visit us at www.idanalytics.com.
Source: ID Analytics Press Release