In its second-largest acquisition, Amazon buys the company for $970 million.
Amplecom.com, an e-commerce shopping cart platform, and MaxMind, a provider of IP geolocation and fraud detection solutions, have formed a partnership aimed at reducing fraud levels in e-commerce transactions.
Amplecom.com, an e-commerce shopping cart platform developed in ColdFusion software, and MaxMind, a provider of IP geolocation and fraud detection solutions, have formed a partnership aimed at reducing fraud levels in e-commerce transactions.
As part of the agreement, Applecom integrated MaxMind’s minFraud fraud-detection application into its standard release, complementing existing internal fraud screening controls. The minFraud application can screen credit card transactions not covered by the bank card companies’ 3D Secure authenticated payment protocol as well as PayPal transactions. PayPal, a unit of eBay Inc., is a third-party online payment service that pays merchants after collecting from consumers through credit card, money order or other types of payment.
“The integration of a tool such as minFraud protection allows us to concentrate on development of the core functionalities of our e-commerce software while providing a bulletproof solution to our customers and developers,” says Admir Beciragic, CEO of Amplecom.com. “MaxMind’s minFraud will provide tremendous value.”
The minFraud application is a customizable fraud detection solution for online businesses accepting card-not-present transactions. It enables businesses to localize content, deliver geo-targeted ads, perform site traffic analysis, manage digital rights, ensure regulatory compliance and detect fraud.
Amplecom is based in Skopje, Macedonia, with offices in Denmark and the United States. MaxMind is headquartered in Boston.