ClickandBuy Selects Quova Internet Geolocation Leading Payment Processor Using Internet Geolocation Data to Aid in Fraud Detection and Regulatory Compliance
2008-03-31 01:03:00
ClickandBuy Selects Quova Internet Geolocation
Leading Payment Processor Using Internet Geolocation Data to Aid in Fraud Detection and Regulatory Compliance
LONDON–( EMWNews – March 31, 2008) – Quova, Inc., the leading worldwide provider of
Internet geolocation data and services, today announced that ClickandBuy,
one of the leading payment systems on the internet, has chosen Quova to
help detect and prevent fraudulent online transactions and reduce
regulatory risk. ClickandBuy will be using Quova’s GeoDirectory Server for
its IP lookup capabilities and proxy detection data to strengthen fraud
prevention systems and comply with jurisdictional restrictions governing
e-commerce.
“We selected Quova because of its strong track record in internet
geolocation and proxy detection. We are still rolling out the technology
but in the testing phase we are seeing an increase in the detection of
proxy servers and anonymous routing types,” said Ian Coates, Director Fraud
Management, ClickandBuy (Europe) Ltd. “We are using Quova to strengthen
detection and prevent online fraud by referencing anonymiser lists,
containing anonymiser IP addresses that have been tracked and labelled as
such. Fraudulent transactions and laws restricting content or purchasing
from certain regions have made it a necessity for online merchants to
determine the level of risk in each transaction. The data delivered by
Quova will be a part of ClickandBuy’s real time decision making process.
Quova data and services will help to increase detection rates relating to
IP lookup and aid in the detection of suspicious activities on client
accounts, driving down the risk related with online payments.”
“ClickandBuy is used by some of the world’s largest e-commerce sites. Their
decision to implement Internet geolocation technology highlights the
importance of this technology in the wake of increasing online fraud,” said
Marie Alexander, President and CEO, Quova. “By setting standards for
products in terms of risk factors, such as identifying mismatches between
customers’ IP locations and their home addresses, e-commerce sites can
reduce online fraud. In general we have found that 80% of online criminals
are not in the same region as the victim.”
About Quova
Quova gives online businesses the ability to determine the geographic
location of their Web site visitors. The company offers the most
comprehensive, deeply researched and reliable location data available today
— without compromising individual privacy. More than 300 companies of all
sizes use Quova’s data and services to detect and prevent fraud, ensure
regulatory compliance, manage digital content rights distribution, and
localize ads and web content. The company’s customer base includes
Microsoft, Major League Baseball, American Express, the BBC, Ladbrokes and
Cisco Systems, and investors include Mobius Venture Partners and IDG. Quova
was founded in 2000 and is based in Mountain View, California.
About ClickandBuy
ClickandBuy is one of the leading E-Payment systems in Germany and Europe.
In Switzerland ClickandBuy is operated by licensing partner SWISSCOM and in
other European markets by ClickandBuy (Europe) Ltd. ClickandBuy will
shortly also be available via TELMEX in Latin America, a market with over
100 million clients. Today over 11,000 merchants already use ClickandBuy
for payments settlement, including Apple iTunes, AOL, Skype, T-Online,
Meetic, Electronic Arts, Codemasters, Playboy, Yamaha, Nero, SanDisk — and
more than 10,000,000 customers pay with ClickandBuy. ClickandBuy has
repeatedly received excellent scores and been placed amongst the leading
competitors in terms of safety, data protection and ease of use.
In January 2007 Intel invested in ClickandBuy and at the same time
ClickandBuy announced a global strategic partnership with Intel. In August
2006 Deutsche Telekom acquired a ten per cent stake in ClickandBuy.
Deutsche Telekom and ClickandBuy intend to expand their existing
cooperation in strategic terms, with ClickandBuy assuming responsibility
for the global settlement of Deutsche Telekom’s comprehensive range of
products and services. In January 2006, 3i also invested 20 million EUR to
support ClickandBuy in its strategy of international expansion.
Press Contact:
ClickandBuyLtd. Matthew Cross |
|
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions