October 5, 2004, 12:00 AM

Experian launches credit card verification service for e-retailers

Experian, a provider of credit-reporting and other financial database services, has launched Cardholder Verification, its first suit of fraud-prevention software for e-retailers and call centers. The suite uses Experian’s data on 215 million consumers.

Experian, a provider of credit-reporting and other financial database services, has launched Cardholder Verification, its first suit of fraud-prevention software for e-retailers and call centers. The suite uses Experian’s data on 215 million consumers. "This is our first product dedicated to online merchants," a spokeswoman says.

Cardholder Verification, which is also designed for use by an online retailer’s payment processor, provides real-time verification of information such as a cardholder’s personal identification, bill-to and ship-to addresses and e-mail address. Retailers and other users of the system can access it with a browser or receive automated alerts regarding potentially high-risk transactions, the spokeswoman says. Alerts are sent for high-risk cardholders, closed accounts and for cards that have been reported lost or stolen.

Experian charges a one-time set-up fee of $2,500, plus monthly fees ranging from 16 to 65 cents per transaction, depending on the level of service and the volume of transactions, the spokeswoman says.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Jochen Moll / B2B E-Commerce

Grasping the global dimensions of B2B e-commerce

To successfully sell online to businesses around the world suppliers must get a lot of ...

FPO

Bart Schaefer / E-Commerce

Applying back-to-school lessons to holiday e-mail strategy

It’s time to begin holiday “drip” campaigns that send a sequence of messages to consumers, ...

Advertisement