Digital River Awarded Patent for Online Payment Fraud Technology

April 4, 2011

Digital River, Inc., a Minneapolis-based e-commerce solutions provider, said it has secured a patent for fraud detection technology “specifically for purchase order transactions processed by online stores.” Digital River said patent No. 7,881,972, entitled Electronic Commerce System and Method for Detecting Fraud, joins other patented technology in its Transaction Defender service, which is capable of linking risks from independent data gathered from global online transactions for digital and physical product purchases. The company said the technology continually scans data points delivered from more than 150,000 Digital River-hosted online stores to identify suspicious patterns and trends in real-time. “The real-time methodologies behind Digital River’s fraud prevention solutions have been developed over a long period of time to ensure the online fraud system reduces the number of insults and allows more good customers through to complete their online purchases,” said Paul Bridgewater, vice president of Digital River World Payments. “By using this leading-edge technology, we can offer our clients best practices in fraud mitigation and increase the revenue generating potential of their online stores.”