ThreatMetrix teams up with GlobalOnePay
Authentication and fraud prevention company ThreatMetrix has partnered with GlobalOnePay, a division of Pivotal Payments. ThreatMetrix will power GlobalOnePay’s Sentinel Defend, a fraud detection and scoring engine that protects cross-border transactions, reports Julie Muhn at Finovate (FinTech Futures’ sister company).
This will enable Sentinel Defend to leverage ThreatMetrix’s Digital Identity Network, a programme that analyses and scores 100 million transactions per day to reduce fraud by using anonymised data to offer real-time intelligence on a person’s identity. By running in the background, the network offers a user experience with less friction.
“The ThreatMetrix Digital Identity Network delivers the intelligence needed to safely accept more orders across markets, even where identity verification is challenging,” says Leah Evanski, VP of strategic alliances at ThreatMetrix.
Tedd Huff, GlobalOnePay’s VP of product says the company’s merchant clients “expect the highest level of card processing security available” and “this is why we look to the most innovative approaches on the market to ensure we stay one step ahead of emerging fraud patterns”.
Founded in 2009, San Jose-based ThreatMetrix offers insights into 1.4 billion anonymised user identities to deliver intelligence for 100 million daily authentication decisions. The company verifies more than 20 billion annual transactions supporting 30,000 websites and 4,500 customers across the globe through its Digital Identity Network, which feeds into its Digital Identity Graph.
This Digital Identity Graph gathers information on billions of transactions collected from tens of thousands of websites to build a user’s digital identity by analysing connections between the user, their locations, behaviours, and devices.
