Fraud prevention vendors join forces to beat card fraud

1 July 2008

The leading providers of customer ID check solutions and transactional fraud profiling data have today announced that they will share their anti-fraud technologies to offer a unique anti-fraud service to the fraud prevention community. Business Services have joined forces with The 3rd Man, 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 one single integrated service.

Commenting on the announcement, 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."

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