SafeCharge Switches to Quova for Online Fraud Detection
Mountain View, California (ots/PRNewswire)
- European E-Merchants Further Protected by Enhanced Transaction Risk Scoring
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 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 +1-650-528-3700 and on the Web at www.quova.com.
Quova, the Quova logo and GeoPoint are registered service marks and/or trademarks of Quova, Inc.
Web site: http://www.quova.com
Contact:
CONTACT: Mike Gaynes of Quova, Inc., +1-650-528-3700 or
mgaynes@quova.com