SafeCharge Switches to Quova for Online Fraud Detection
European E-Merchants Further Protected by Enhanced Transaction Risk Scoring
MOUNTAIN VIEW, Calif., Feb. 16 -- Quova, Inc., the world`s
leading provider and developer of web geography services and technologies,
announced today that SafeCharge, a leading Internet payment solution provider
to worldwide e-merchants, has deployed Quova`s flagship GeoPoint geolocation
service to enhance its market-leading credit card fraud solution and
dramatically improve risk scoring for online transactions. By integrating
GeoPoint`s power to instantly determine the geographic location of each
customer and the cyber-location of each transaction, SafeCharge has increased
the ability of e-merchants to prevent fraud, reduce chargebacks and maximize
profitability.
"We have upgraded to Quova from another geolocation provider because we
needed the highest-quality data available in the marketplace," said Zvi
Meschi, CEO of SafeCharge. "We are now able to determine with superior
accuracy what nation each customer is in and how the transaction is being
routed, enabling us to provide a more accurate risk score for each
transaction. We are already seeing improved results in identifying potential
fraud."
SafeCharge processes hundreds of thousands of transactions a month through
a robust and comprehensive fraud detection solution that combines leading-edge
algorithms with a historical transaction database. This massive database
continually learns the buying habits and characteristics of online fraud
perpetrators, analyzing and storing the data for future reference.
"E-merchants all over the Continent depend on SafeCharge to protect them
from the consequences of online fraud, and this partnership constitutes a
tremendous win for Quova in the European market," said Gary Jackson, EVP of
worldwide operations for Quova. "We are excited by the rapid results that
SafeCharge and its customers have seen from adding our geolocation and routing
detection capabilities, and we look forward to expanding our presence in this
space very quickly."
About SafeCharge
Established in 2000 and based in Israel, SafeCharge is a leading Internet
payment solution provider, integrating high-end gateway services with the most
powerful credit card fraud detection solution available today on the market.
SafeCharge answers the need of e-merchants seeking to maximize business
profitability by reducing fraud. By using the SafeCharge fraud detection
solution, e-merchants are able to prevent fraudulent credit card transactions
and reduce chargebacks. For more information, please visit http://www.safecharge.com.
About Quova, Inc.
Founded in January 2000, Quova, Inc. is the leading provider of
geolocation services to online businesses. Quova`s patented technology
provides the geographic location of Web site visitors in real time, enabling
businesses to manage digital rights, target content, detect fraud, conduct
site analysis and ensure regulatory compliance. Quova`s customers and partners
include industry leaders such as Major League Baseball Advanced Media, Bell
Canada, Cisco Systems, ABSOLUT Vodka, BBC, HPshopping, VeriSign, 24/7 Real
Media, IBM SurfAid, Times Online and Sky Sports. A privately owned company
with investments from Mobius Venture Capital, IDG Ventures, Nexus Group,
Schoffstall Ventures and Fidelity Ventures, Quova is headquartered at 333 West
Evelyn Avenue, Mountain View, California 94041, with European headquarters in
Amsterdam, The Netherlands. Quova can be reached at 650/528-3700 and on the
Web at http://www.quova.com.
Quova, the Quova logo and GeoPoint are registered service marks and/or
trademarks of Quova, Inc.
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