Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

12/20/2012
01:12 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

New Automated Risk-Based Payment Fraud Prevention Application

SecureBuy 2.0 addresses all types of payment fraud with no human intervention

RIDGELAND, Miss., Dec. 20, 2012 /PRNewswire/ -- SignatureLink, Inc. announces the release of the most significant technology breakthrough in payment fraud prevention in the last 15 years, SecureBuy(TM) 2.0.

SecureBuy 2.0 is an automated risk-based payment fraud prevention application designed specifically for mobile and eCommerce merchants. SecureBuy 2.0 addresses all types of payment fraud with no human intervention required whatsoever. The key to its effectiveness is several patented and patent-pending technologies provided by SignatureLink and Visa.

"Mobile and online merchants in recent years have become accustomed to spending 45% of their annual fraud prevention budgets on as many as eight applications and the other 55% on human capital in the form of fraud analysts," states Greg Wooten, CEO, SignatureLink, Inc., an expert on eCommerce fraud and Cybershoplifting(TM). "This approach has resulted in less than desirable results, with the cost of prevention amounting to more than the payment fraud itself."

"SecureBuy 2.0 removes the need for all of this infrastructure and associated expenses," Wooten continues. "It automates the process end-to-end in real time to streamline the payment channel and provide merchants a higher level of protection than any available solution in the payment industry. Visa and MasterCard have been advocating risk-based authentication for years, and this landmark technology is finally available."

Since its founding in 2002 as the ecommerce stabilizer, SignatureLink's goal has been to produce an application that would be seamless to consumers and create a fast lane for normal and low-risk transactions and a risk-based authentication

(RBA) lane for transactions with elevated risk levels. The end result is the most efficient solution in the industry that offers interchange rate advantages and shifts the risk of authenticated transactions from the merchant to the issuing bank. In addition, SecureBuy 2.0 functions as a hybrid application bridging the gap between current issuing bank authentication technology and Visa's new Consumer Authentication Service as it comes online with issuing banks.

Certification applications for SecureBuy 2.0 have been submitted to Visa, MasterCard, American Express and Diners Club International with final approval for all card brands digressing to Visa's final application certification.

About SignatureLink, Inc.

SignatureLink's biometric signature capture technology, SecureBuy, has been widely adopted by the mobile payment space to reduce fraud. To date, SecureBuy is the only solution meeting the complete fraud prevention needs of mobile and online retailers seeking to lower the cost of payment acceptance and increase profits. Using proprietary, patented technology, SecureBuy addresses 100% of online payment fraud, including Cybershoplifting. The end-to-end SecureBuy suite includes world-class fraud screening, a legally binding virtual signature pad, a forensic record of each transaction, an industry-leading chargeback management system, and more. The SecureBuy all-in-one eCommerce fraud solution integrates easily into any shopping cart and costs merchants just pennies per transaction.

Visit http://www.signaturelink.com for more information.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 5/28/2020
Stay-at-Home Orders Coincide With Massive DNS Surge
Robert Lemos, Contributing Writer,  5/27/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Can you smell me now?
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-11844
PUBLISHED: 2020-05-29
There is an Incorrect Authorization vulnerability in Micro Focus Service Management Automation (SMA) product affecting version 2018.05 to 2020.02. The vulnerability could be exploited to provide unauthorized access to the Container Deployment Foundation.
CVE-2020-6937
PUBLISHED: 2020-05-29
A Denial of Service vulnerability in MuleSoft Mule CE/EE 3.8.x, 3.9.x, and 4.x released before April 7, 2020, could allow remote attackers to submit data which can lead to resource exhaustion.
CVE-2020-7648
PUBLISHED: 2020-05-29
All versions of snyk-broker before 4.72.2 are vulnerable to Arbitrary File Read. It allows arbitrary file reads for users who have access to Snyk's internal network by appending the URL with a fragment identifier and a whitelisted path e.g. `#package.json`
CVE-2020-7650
PUBLISHED: 2020-05-29
All versions of snyk-broker after 4.72.0 including and before 4.73.1 are vulnerable to Arbitrary File Read. It allows arbitrary file reads to users with access to Snyk's internal network of any files ending in the following extensions: yaml, yml or json.
CVE-2020-7654
PUBLISHED: 2020-05-29
All versions of snyk-broker before 4.73.1 are vulnerable to Information Exposure. It logs private keys if logging level is set to DEBUG.