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192business.com, the leading identity verification supplier and
SecureTrading, the UK's leading independent Internet Payment Service
Provider have fused their solutions to provide an effective barrier against
fraud.
With card fraud now estimated at £535 million (APACS statistics) and on the
increase, companies need to ensure they are protecting their profits
especially in such an economically unsound climate.
SecureTrading's Identity Check has integrated 192's identity verification
databases to enable Internet-based merchants to better recognise and block
attempted fraudulent transactions. SecureTrading Identity Check allows
merchants to cross reference buyer information using a number of databases
to verify if someone exists and lives at their given address.
By bringing together innovative payment services and 192business.com's fully
integrated counter-fraud solutions, businesses can be confident that they
are not only stopping fraudsters hitting their sites but also allowing their
valuable customers to transact without losing them to the competition.
Ian Green, Director, 192business.com "we are very excited about this
partnership and believe that by bringing together payment tools and identity
verification we can get closer to that silver bullet to stop fraudsters in
their tracks".
John Lyons, Chief Security Officer at SecureTrading said: "As an industry
leader we must work closely with other industry leaders such as
192business.com to do everything possible to stamp out online fraud,
ultimately reducing crime and increasing consumer confidence in online
transactions. Our solution is the only fully integrated service available in
the UK on a pay-as-you-use basis for all sizes of online merchant.
Businesses can now benefit from being able to immediately check and verify
customer identities and age from a review of transaction details, making it
simpler and easier to prevent fraud than ever before."