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LexisNexis Announces Ecommerce Fraud Solution Suite

Mercator Advisory Group by Mercator Advisory Group
March 23, 2011
in Analysts Coverage
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The Risk Solutions division of LexisNexis has announced the launch of its suite of fraud management solutions for online retailers, aggregating workflow management software with fraud prevention and chargeback management software developed in partnership with vendor Kount. The company indicates that the solution suite is the only ecommerce fraud prevention tool to integrate their public records database and data linking technology. Other features include identity fraud risk scoring, address verification, IP geolocation, device fingerprinting, and proxy piercing.

“In today’s online retail environment, it’s imperative that businesses have the tools in place to effectively identify and mitigate identity fraud to help protect both consumers and the organization itself,” said Dennis Becker, vice president, LexisNexis. “To address this need, today we’re introducing a comprehensive online fraud solution which provides risk managers and analysts with the ability to isolate and process exceptions quickly and effectively through the order management process and allow them to focus their attention on fraudulent transactions, while fast-tracking valid orders through fulfillment.”

Becker adds, “One of the great benefits of this solution set is that it can be tailored to meet the specific fraud prevention needs of the user. In addition, automating the review process will help give businesses the freedom to better utilize its talent and existing resources to address more complex, specialized tasks.”

Click here to read more.

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