TSYS Teams Up with ThreatMetrix To Tackle Fraud Prevention

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What's Next In Payments®
7:00 AM EDT July 16th, 2014

TSYS’s ProPay is partnering with ThreatMetrix to provide an advanced fraud prevention system that accurately differentiates real customers from cyber-criminals.

The companies are collaborating on TSYS Guardian CyberShield, a cloud-based, real-time identity verification tool that recognizes returning customers while at the same time protects log-in authentication and payment authorization.

“We’re pleased to begin offering our customers more sophisticated fraud prevention and detection tools,” Greg Pesci, president of ProPay, said in a released statement. “The TSYS Guardian CyberShield, powered by ThreatMetrix, is just another example of our desire to provide a suite of payment solutions that allows our customers to focus on running their businesses while protecting against fraudsters.”

Through the combined efforts of ProPay and ThreatMetrix, businesses can analyze the digital personas of website visitors in real time — including their previous online behaviors and transactions – before deciding whether to authorize a transaction.  This can make the screening process less arduous for merchants while also offering an effective shield against cybercriminals.

“While many businesses are challenged with determining whether or not an online transaction, account login or other activity is fraudulent, The Network provides TSYS Guardian CyberShield the capability to identify high-risk transactions in real time without disrupting the online experience of trusted customers,” said Bert Rankin, chief marketing officer of ThreatMetrix. “We’re thrilled to partner with TSYS and ProPay to provide the most comprehensive fraud prevention solution on the market to a growing customer base.”

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