SignatureLink, ThreatMetrix Say Fraud Solution is Complete

Jan. 23, 2012

SignatureLink Inc. and ThreatMetrix Inc. have entered into an agreement by which ThreatMetrix’s Cybercrime Defender Platform will be integrated with SignatureLink’s online “friendly fraud” technology. Friendly fraud, which SignatureLink said accounts for 20 to 30 percent of online fraud, occurs when a consumer, without a valid reason, refuses acceptance of the charge for a transaction they performed and reports the false claim to their bank/card issuer requesting a refund or chargeback. By integrating their technologies, SignatureLink and ThreatMetrix said the partnership will produce the first online payment fraud management solution that addresses 100 percent of all online payment fraud. “We are delighted SignatureLink has recognized ThreatMetrix as the industry leader and elected to integrate our technology within the emerging CNPS / TransExam solution,” said Reed Taussig, president and CEO of ThreatMetrix. “We feel the solution will be greater than the sum of its parts, setting a new standard in the industry for online payment fraud prevention and management.”