ClearCommerce Delivers New Tools to Optimize Fraud Prevention and Improve Data Security.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--June 7, 2004 Key Enhancements Make It Easier For Merchants and Service Providers to Integrate and Manage Comprehensive Fraud Prevention and Payment Features ClearCommerce Corporation, the leading provider of fraud prevention and payment processing solutions for online retail, announced today the availability of ClearCommerce Engine 5.5. This latest release includes new tools to maximize fraud detection effectiveness, simplify solution integration, and strengthen security for sensitive payment data. "The growing problem of identity theft and aggressive fraud attacks by increasingly sophisticated online criminals is driving the need for better data security and more effective ways of screening e-commerce order transactions," 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. "We continue to add new capabilities to stay a step ahead of the thieves List of Thieves. Famous
A core component of the ClearCommerce fraud solution is FraudShield(R), a flexible rules engine that enables implementation of a customized order screening process. ClearCommerce Engine 5.5 adds to this a new Risk Management reporting tool that provides the ability to monitor the effectiveness of a specific rule or rules as well as determine the impact of new rules prior to implementation. Merchants can now determine for each rule the percentage of orders that are accepted, declined, or flagged for review, and use this information to improve overall detection of real fraud while minimizing excessive rejection of legitimate sales. Other enhancements include: -- A new user interface that allows system administrators to easily aggregate and apply master negative and positive lists to multiple stores, simplifying management of the solution for merchants with more than one online store and service providers hosting numerous merchant customers. -- Redesigned Application Programming Interface (API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. ), standard integration templates for the leading scripting languages A high-level programming, or command, language that is interpreted (translated on the fly) rather than compiled ahead of time. A scripting, or script, language may be a general-purpose programming language or it may be limited to specific functions used to augment the running of an , and new online developers resource that includes complete documentation, sample code, and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. API tutorial An instructional book or program that takes the user through a prescribed sequence of steps in order to learn a product. Contrast with documentation, which, although instructional, tends to group features and functions by category. See tutorials in this publication. to simplify the overall integration process with the company's fraud prevention and payment processing software, and the QuickStart hosted service. -- Support for Hardware Security Mechanism (HSM (1) (Hierarchical Storage Management) The automatic movement of files from hard disk to slower, less-expensive storage media. The typical hierarchy is from magnetic disk to optical disc to tape. ), a secure external hardware device that provides a higher level of data security and more efficient processing for encryption/decryption of sensitive credit card data. -- An updated payment interface to Barclay's, one of the leading processors in the UK that delivers support for the Visa Global Invoice An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. Specification (VGIS VGIS Visa Global Invoice Specification VGIS Variable Geometry Induction System VGIS Virtual Graphics Information System ), a European-only mandate that significantly enhances processing and reporting of Visa commercial card transactions. The ClearCommerce Engine is the leading platform for merchants and service providers that require robust, highly reliable, and scalable 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 helps companies improve the buying experience for their customers, reduce the risks and cost of fraud, increase control over business critical payment data, and achieve a superior return on investment. About ClearCommerce ClearCommerce is the leading provider of fraud prevention and payment processing solutions to merchants and service providers in the U.S. and Europe. ClearCommerce software is used by 80,000 businesses worldwide, including customers such as Adobe, Apple Computer, Barclay's and Staples staples U-shaped stainless steel or vitallium units with sharp points used for surgical fixation. epiphyseal staples used to staple epiphysis to metaphysis; have metal bracing at the corners. . ClearCommerce delivers the most accurate fraud prevention and most flexible electronic payment solutions for credit-card-not-present sales channels. For more information, visit www.clearcommerce.com. |
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