Alpha Payments Cloud has announced the introduction of MaxMind’s minFraud product to the APC Product Hub.
MaxMind is a provider of IP intelligence and online fraud detection tools, who offering fraud risk-scoring based on many factors; these include IP, email, and device reputations derived from MaxMind’s network. With this partnership, Alpha Payments Cloud, minFraud will be available to merchants and acquirers via the APC Product Hub to clients across North America, Europe, Asia Pacific and Latin America.
Jennifer Sessler, Business Development Manager at MaxMind commented: “The issue of online fraud remains one of the biggest threats to merchants and acquirers as they look to expand their business. By identifying fraudulent orders, MaxMind has helped thousands of companies cut down on fraud-related financial losses. Working with Alpha Payments Cloud allows us to further extend the reach of our minFraud product internationally to all APC clients, adding to the 50 million online transactions we screen monthly.”
Rónán Gallagher, Head of Product at Alpha Payments Cloud added, “With global online trade expected to hit USD1.4tn by 2015, it is increasingly important for merchants and acquirers to be supported with the most technologically cohesive and up-to-date products. One of the benefits of our unique Product Hub solution is that it can equip domestic acquirers with access to the tools and services they need to support their merchants as they move internationally, by connecting them with best-in-class solutions relevant to each market. With the integration of MaxMind’s minFraud service into our cloud-based solution, our clients have direct access to a leading fraud prevention suite, which can effectively underpin their expansion into new markets safely, while reducing the risk of fraud.”
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