ThreatMetrix, TransUnion roll out fraud prevention platforms

One of the newly-launched solutions, dubbed TrustDefender Identity Verification Service, provides ThreatMetrix customers with online contact verification. ThreatMetrix will now leverage the TransUnion Contact Verification Service within the ThreatMetrix Cybercrime Defender Platform.

Moreover, TransUnion is launching its Device Verification Service. TransUnion’s Identity Manager platform is now fully integrated with the ThreatMetrix Cybercrime Defender Platform to offer the Device Verification Service to its customers in addition to its existing Identity Risk alerts and Fraud Scores. This gives TransUnion customers a one-stop platform to assess the risk associated with both individuals initiating the transaction and the device used for the transaction. The Device Verification component is designed to identify potential cybercriminals trying to mask their identity via cookie manipulation, the use of hidden proxies or invalid IP addresses, or other device anomalies from originating devices such as laptops, smartphones and tablet computers.

When customers want to lower the risk associated with a new account origination or high-value transaction, they now have the ability to confirm a customer’s identity against TransUnion’s Contact Verification Service as well as conduct a fraud analysis of the originating device being used in the transaction with the ThreatMetrix Cybercrime Defender Platform.

Other benefits of the integrated service offering from both companies include positive identity confirmation and device threat assessment, seamless integration of identity and device verification. Benefits also include fraud reduction by combining device identification scoring with supplemental identity verification and compliance with FFIEC’s 2011 guidelines.

TransUnion enables businesses to manage risk by delivering data and integrating advanced analytics and decision-making capabilities. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals.

In recent news, US electronic signatures provider SignatureLink has teamed up with ThreatMetrix. Under the terms of the agreement, SignatureLink will integrate ThreatMetrix’s Cybercrime Defender platform with its online friendly fraud technology providing merchants and the payment community with an online payment fraud service.