Chase Paymentech Launches New Suite of Anti-Fraud Tools
Jan. 24, 2011
Chase Paymentech, the Salem, N.H.-based e-commerce payment processor, recently announced the launch of a suite of tools that will protect merchants and their customers from the increasing risks associated with global online fraud and data breaches at the point of sale. The company said its Safetech Fraud and Security Solutions currently includes Safetech Fraud Tools and Safetech Encryption, but in the coming months will add additional solutions in response to the needs of Chase Paymentech’s client base. “Increasingly, our merchants are challenged with managing the risks associated with consumer transactions, whether online or at the point of sale,” said Mike Duffy, president of Chase Paymentech. “Our Safetech Fraud and Security Solutions suite will provide our customers with the advanced tools they need to fight fraud, protect consumers’ information and reduce the exposure associated with PCI compliance.” The company said the Safetech Fraud Tools approach combines Chase Paymentech’s transaction processing expertise and scale with the patented technologies of Kount, Inc., a high-tech firm specializing in fraud detection technology.