ProPay’s Guardian CyberShield helps companies significantly reduce fraudulent transactions
LEHI, Utah, and COLUMBUS, Ga., March 30, 2016 — ProPay, a TSYS company, and InfoTrax today announced they have teamed up to help Direct Selling companies battle fraudsters. InfoTrax has integrated its DataTrax back-office software for Direct Selling companies to ProPay’s Guardian CyberShield* fraud detection and protection service. Guardian CyberShield offers a comprehensive layered payment fraud solution that can help stop fraudulent transactions while facilitating efficient acceptance of legitimate ones — enabling companies to reduce their chargeback costs while increasing revenue.
Guardian CyberShield is a cloud-based, real-time identity verification tool that helps validate returning customers and prospects, while protecting a wide range of transactions including account creation, login authentication and payment authorization. It offers the broadest combination of payment fraud defenses available — in a system that has low impact on IT resources. Guardian CyberShield provides market-leading protection for Web transactions against account takeover, payment fraud, identity spoofing, malware and data breaches.
According to PYMNTS.com, from 2014 to 2015 fraud attacks were up 163 percent. Fraud is big business, and fraudsters are increasingly sophisticated professionals using more complex tools to try and score big at the merchant’s expense.
“We are seeing bands of sophisticated criminals targeting Direct Selling companies,” said Mark Rawlins, chief executive officer of InfoTrax. “Understanding how these groups work and helping our clients avoid these pitfalls have always been a part of InfoTrax’s commitment as a software provider. Working with ProPay to have this directly integrated with our enterprise solution creates one more layer of protection embedded in our service.”
“We’re pleased to team up with InfoTrax to begin offering Direct Selling companies more sophisticated fraud prevention and detection tools,” said Dave Duncan, president of ProPay. “ProPay Guardian CyberShield, is just another example of our desire to provide a suite of payment solutions that allows our customers to focus on running their businesses while protecting them against fraud.”
ProPay Guardian CyberShield allows companies to:
- Confidently approve transactions from legitimate, trusted users
- Receive automatic alerts to developing threats as they materialize across the globe
- Obtain a benchmark of best practices that can be utilized to develop and fine-tune policies and rules
- Avoid transactions from devices compromised by malware
- Implement step-up measures and manual reviews for suspect transactions or transactions that exceed a risk threshold specific to their business
- Deny high-risk transactions from known bad actors
Since 1997, ProPay has provided simple, secure and affordable payment solutions for organizations ranging from small, home-based entrepreneurships to multi-billion-dollar enterprises requiring complex payment solutions. ProPay’s ProtectPay platform provides software integrators, payment facilitators and SaaS providers with all the tools necessary to easily implement payment processing. As a leading provider of complete end-to-end payment security solutions, ProPay helps reduce the client organization’s risk of sensitive payment data compromise. ProPay is a wholly owned subsidiary of TSYS (NYSE: TSS) and is a leader in payment data security. For information, visit www.propay.com or call 888.227.9856.
About InfoTrax Systems
InfoTrax Systems is a full service, direct selling solution provider. The company provides a complete suite of products and services essential to building a global direct selling enterprise. The company’s premier offering includes innovative MLM commission intelligence backed by proven MLM software infrastructure and services. InfoTrax is the leading commission services firm and provider of commission intelligence, backend operations, and rep web tools for the direct selling industry.
TSYS® (nyse: tss) unlocks opportunities in payments for payment providers, businesses and consumers. Our headquarters are in Columbus, Georgia, USA, and we operate in more than 80 countries with local offices across the Americas, EMEA and Asia-Pacific.
We provide seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management — delivered through partnership and expertise. We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments®’.
Our industry is changing every day — and we’re leading the way towards the payments of tomorrow. We routinely post all important information on our website. For more, visit us at tsys.com.
*ProPay Guardian CyberShield is powered by ThreatMetrix®