News

41st Parameter awarded patent for online and mobile commerce authentication device

Thursday 23 December 2010 11:49 CET | News

41st Parameter, a global provider of person-not-present fraud detection and prevention services, has been granted a patent from the United States Patent and Trademark Office, for its Time Differential Linking (TDL) product.

The TDL application can be deployed as an integral feature of DeviceInsight, 41st Parameters tagless device intelligence and identification product. The functionality is set to prevent online as well as mobile fraud by detecting account takeover attempts against financial institutions, with the ability to distinguish between a genuine online transaction and a replay attack.

The TDL authentication system validates genuine requests for online account opening, login authentication and transaction verification. Recently, US-based e-business services provider Plimus has entered a partnership with 41st Parameter for the latter’s FraudNet for Transactions product which is set to provide the Plimus global customer base of 55,000 online vendors and affiliates with card-not-present fraud detection services.
 


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Keywords: 41st Parameter, Time Differential Linking, online protection
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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