ClearCommerce Adds Powerful New Fraud Tools and Expands Payment Coverage; Strengthens Arsenal of Risk Management Technologies to Help Merchants Reduce the Cost of E-Commerce Fraud.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Jan. 21, 2003 ClearCommerce Corporation, the leading provider of risk management and payment processing software for online retail, today announced the availability of ClearCommerce Engine 5.1, which includes a first-of-its-kind automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. order Review Assistant, expanded support for Visa's Verified by Visa Verified by Visa is a system used by Visa as an added layer of security for online credit and debit cards transactions. A similar system is used by MasterCard under the name SecureCode (which is completely separate from verified by Visa, although it uses the same protocol). and MasterCard SecureCode payer authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. , and a new payment interface to Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. . "ClearCommerce is committed to helping merchants reduce the cost of fraud through more effective detection and optimized process efficiency," said Robert J. Lynch, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ClearCommerce. "This latest product release strengthens our best-of-breed arsenal of risk management technologies and extends our industry leadership in payment processing for online retail." This most recent release of the company's flagship software suite introduces a new risk management tool, Review Assistant, which enables merchants for the first time to automate To turn a set of manual steps into an operation that goes by itself. See automation. portions of the order review process. Review Assistant automatically triggers requests from external data sources to streamline the repetitive and time-consuming manual process currently used by many merchants to verify orders identified as suspicious by front-end screening tools. Review Assistant for Experian(R), the first available third-party service, seamlessly integrates ClearCommerce Risk Management software with Experian's eSeries Authentication Solutions. Experian's real-time technology provides straightforward identity verification Noun 1. identity verification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or to authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. online customers by checking individual data elements against Experian's extensive database of consumer information. For example, merchants will now be able to automatically verify that the name on the card matches the credit card number, a task in the past that required manual intervention to place a phone call to the card issuer. Another significant enhancement to the ClearCommerce arsenal of risk management technologies is support for the multiple card association's payer authentication approaches, including both Verified by Visa and SecureCode from MasterCard. With this latest version of ClearCommerce Payer Authentication version 2.2, merchants have, for the first time, a single common module that transparently supports all available authentication approaches. The 2.2 version of ClearCommerce Payer Authentication also includes support for the specification from Visa, 3DSecure1.0.2. This specification, which is required for merchant charge-back liability shift on "attempts" in April of this year, also adds support for SecureCode, MasterCard International's wallet-less payer authentication service. This release of the ClearCommerce Engine expands payment processor coverage with a new interface to Wells Fargo. The interface enables Wells' merchant customers for the first time to process both authorization The right or permission to use a system resource; the process of granting access. See access control. and settlement transactions for credit cards and checks directly with the bank. About ClearCommerce ClearCommerce is the leading provider of e-commerce risk management and payment processing software that enables merchants and service providers to safeguard and automate online financial transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . ClearCommerce software is used by 55,000 businesses worldwide, including customers such as Barclay's, Apple Computer, Best Buy, Orbitz, PetSmart and Sony Online. ClearCommerce solutions feature patent-pending risk management technology as well as real-time payment processing. For more information, visit www.clearcommerce.com. |
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