Paymentech and iShopSecure, Inc. Announce Partnership Agreement For Fraud Prevention
DALLAS, Sept. 17 -- Paymentech, the nation`s premier electronic payment solutions provider, and iShopSecure, a leading provider of real-time authentication solutions for online and offline transactions, today announced iShopSecure will deliver its proprietary server-based solution, TRANSACT-SECURE(TM) and CSR-SECURE, to Paymentech`s customers who want to protect their online and Mail Order/Telephone Order (M.O.T.O.) sales from fraud.
"For some time, we have recognized the value which real-time authentication solutions can bring to consumers and merchants. We are convinced that iShop`s Anti-Fraud Identification Authentication Solutions coupled with Lloyd`s of London fraud insurance are by far the best solution available. By combining the strengths of our two companies, we are able to better provide our customers another secure payment solution," said John Shirey, Paymentech, Group Manager eBusiness.
Joseph A. McDonnell, President/COO, iShopSecure, Inc. added, "As the premier electronic payment solutions provider for both merchant-acquiring and point-of-sale transaction processing, Paymentech provides iShop with an opportunity to market our capabilities to an extensive base of large online and M.O.T.O. merchants. We are confident this partnership will further strengthen our position as one of the leading providers of anti-fraud products, dedicated to safeguarding consumers and merchants from credit card and identification fraud."
iShopSecure is dedicated to providing a fraud-free, secure shopping environment on the Internet and in call centers as a benefit to credit card issuers, consumers, and e-tailers. iShopSecure provides Anti-Fraud Identification Authentication Solutions to on-line merchants, Financial Services, Government, Health care, Insurance, and Investment Institutions to help eliminate fraud, protect privacy, prevent ID theft, and facilitate on-line spending. iShopSecure is the leader in the prevention of on-line credit card fraud and a facilitator of on-line purchasing.
TRANSACT-SECURE(TM) is iShopSecure`s patent pending server-based solution that prevents cardholder identification fraud by empowering the merchant to automatically perform real-time multi tiered authentication of the purchaser`s identity during checkout. Fraudsters are prevented from committing credit card and online check fraud during checkout, and purchasers are prevented from committing "friendly fraud" by later denying their own transactions. Authenticated transactions from online merchants and M.O.T.O. (telesales) are insured by Lloyds of London for up to $5,000 per transaction.
About iShopSecure, Inc.
iShopSecure, Inc ("iShop") provides real time identification authentication solutions to create a secure and fraud free environment for online and offline transactions to protect consumers and merchants from identity theft and credit card fraud, grant access to secure information and systems, and safeguard the public, to unlock the Internet and M.O.T.O. channel as a commercial enterprise.
iShop`s array of anti fraud products include patent pending TRANSACT-SECURE(TM) real-time ecommerce payer authentication solution and CSR-SECURE(TM) call center and M.O.T.O. authentication solutions. iShopSecure is dedicated to safeguarding consumers, and working with credit cards issuers, bankcard and check processors, M.O.T.O (telesales) and Internet merchants, and is a leading provider of Visa 3-D Secure technology solutions.
About Paymentech
Dallas-based Paymentech delivers secure and reliable payment service in merchant acquiring and point-of-sale transaction processing with a wide array of product functionality and support. Paymentech (http://www.paymentech.com/) processed approximately 3.7 billion total transactions and $114 billion in bankcard sales volume in 2001. Founded in 1985, Paymentech is the nation`s premier processor and acquirer of credit card transactions.
CONTACT:
Joseph A. McDonnell
President-COO of iShopSecure Inc.
+1-954-845-9050
jmcdonnell@ishopsecure.com
Tanya Carrol of Paymentech
+1-603-896-8641
Tanya.carrol@paymentech.com
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