Fraud prevention experts join forces to beat card fraud Monday 30 June 2008 PDF Print 192.com Business Services and the 3rd Man form unique industry partnership to share anti-fraud technologies with ecommerce and online gambling operators Two leading providers of customer ID check solutions and transactional fraud profiling data are to combine and share their anti-fraud technologies, providing a unique anti-fraud service to merchants. 192.com Business Services specialises in aggregating databases against which leading ecommerce providers run customer identity checks. Fraud prevention specialist, the 3rd Man, is a leading provider of fraud screening services which detect fraud patterns by comparing transactions from different merchants. Fraud prevention tools provided by both companies have become accepted as de facto processes for the ecommerce industry and will now be offered as an integrated service. Other recent fraud prevention initiatives have focussed on either ID checking or on profiling shared fraud alert data, but not on both. 192.com Business Services and the 3rd Man’s relationship brings both tools into a single solution. Such an approach is considered ideal for merchants as it means implementing a single technical interface to receive the benefit of a combined ID and pooled data solution. “Our mutual aim is to make life easier for fraud managers at ecommerce and online gambling sites,” said Paul Simms, Chief Executive Officer at the 3rd Man. “192 and the 3rd Man already deliver fraud prevention capabilities to many of Europe’s leading ecommerce businesses. By combining our fraud prevention technologies we can now offer one integrated solution that will be even more effective in identifying and preventing fraud.” Commenting, Ian Green, director at 192, said: “There has been much talk about data sharing initiatives recently. Data sharing on its own is not a silver bullet but when coupled with customer identity verification the solution becomes immensely effective. The large existing customer base of 192 and the 3rd Man will be able to participate with minimal technical investment. “Ecommerce and online gambling sites now need to integrate only one fraud prevention tool into their site so this is a massive step forward for the industry.” The dual ID check and fraud screening solution will be available either from 192 or the 3rd Man. Ends Editors notes About 192.com Business Services • 192.com Business Services offer global ID check technology using credit reference data, voter databases, directory enquiry files, postal address databases, business universes, passport and driving licence checks • Nearly 1000 companies such as Panasonic, 24/7 Electrical, and Halfords use 192’s ID check solutions • 192’s combined and aggregated databases comprise over a billion records. • www.192business.com • 0207 909 2192 • Contact: David Pope About the 3rd Man: The 3rd Man provides card not present fraud screening, card fraud analysis and consultancy services to some of the UK’s leading retailers, including Argos, JJB Sports, Woolworths and Ticketmaster. The 3rd Man also provides its GateKeeper secure online data reporting and analysis tool that enables clients to search for and display transactional information instantly, performing complex analysis to identify fraud rings quickly. A fully outsourced analysis service is also provided to those customers who choose to have their fraud prevention requirements delivered entirely by the 3rd Man’s team of experienced fraud analysts. For press enquiries Glen Goldsmith 2thefore Tel: 01483 811234 / 07812 766338 Email: email@example.com Paul Simms CEO The 3rd Man Tel: 01276 856444 Email: firstname.lastname@example.org This press release was distributed by ResponseSource Press Release Wire on behalf of 2thefore in the following categories: Business & Finance, Media & Marketing, Retail & Fashion, Public Sector, Third Sector & Legal, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.