COPENHAGEN, Denmark, October 22 /PRNewswire/ -- Zecure, a leading provider of e-commerce fraud prevention solutions, today announced that OrbitalPay, LLC has installed its award-winning Acquirer SAFE suite to prevent fraudulent merchants from hiding illegal transactions and to keep high risk merchants under control.
Acquirer SAFE helps Acquiring Banks and Payment Service Providers (PSPs) keep high-risk merchants under control and prevent them from processing illegal transactions disguised as legitimate ones. Acquirer SAFE enables acquirers and PSPs to identify a transaction's true origin based on the behavior of shoppers on the merchant's website.
"As a PSP, OrbitalPay, LLC performs a thorough due diligence of each and every merchant, but in the high-risk segment, further protection is needed to protect their business," says Michael Svendsen, Chief Technical Officer of Zecure. "We are very proud that OrbitalPay, LLC has selected Acquirer SAFE to strengthen their due diligence process and monitor merchant compliance in real-time."
The opportunity to benefit from Acquirer SAFE's patent pending technology for tracking shopping behaviour was a deciding factor in OrbitalPay, LLC's choice.
"Merchant due diligence plays a vital role in protecting our business. We will take all preventive measures to stop merchants from processing fraudulent transactions without our knowledge", says Steve Bryson, Chief Executive Officer of OrbitalPay, LLC. "It is extremely valuable to use Zecure's Acquirer SAFE to see the origin of each transaction, rather than relying only on trust when signing a new merchant."
Founded in 1997, Zecure is a leading provider of fraud detection and payment processing solutions for the e-commerce industry. Zecure has transformed the merchant due diligence and monitoring process with its award winning Acquirer SAFE solution. By tracking shopping behavior on merchant websites, Zecure's clients are able to cut losses from both card holder fraud and fraudulent merchants. For more information on Zecure, visit http://www.zecure.com.
About OrbitalPay, LLC:
Owned by Global Electronic Technology, Inc. (GET), OrbitalPay, LLC is an innovative payment solution that combines all the best features of 3rd party payment processors (IPSPs) with the terrific benefits of owning your own merchant account. OrbitalPay, LLC customers enjoy daily settlement to their bank accounts, low fee structure compared to IPSPs, individualized descriptors on customer billing statements, access to their billing database, along with reliable full service features like live 24/7 billing support, feature-rich gateway services, comprehensive real time reporting, industry leading scrubbing tools that limit chargebacks while providing higher conversions than normally seen in the industry, integrated cascading billing and affiliate tools, and much more. For more information on OrbitalPay, LLC, visit http://www.orbitalpay.com.
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