iCOMS, eHNC PARTNER TO PROVIDE ONLINE MERCHANTS WITH FRAUD PROTECTION SOLUTION.iCOMS (Internet Commerce Services Corp.), the Nashua, N.H., provider of commerce services, and San Diego-based eHNC, a subsidiary of HNC (HNC Software Inc., San Diego, CA) A software company that specialized in products that detect credit card fraud, manage merchant risk, automate lending decisions and home valuations and manage retail inventories. Founded in 1986 by Robert Hecht-Nielsen and Todd W. Software Inc. and an applications service provider (ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). ) of e-commerce tools for customer interaction management, are teaming up to protect online merchants and consumers from fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. transactions by integrating iCOMS' Internet commerce management services with enHNC's eFalcon Internet credit card fraud Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. detection and risk management service. The integration gives businesses the ability to detect and react to suspect transactions using iCOMS' hosted Fraud Management Service, thereby maximizing sales while minimizing risk. eFalcon is an intelligent online credit card fraud detection and risk management service available to online merchants. "Many online merchants are experiencing tremendous pain because of high incidences of online credit card fraud, and they often don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. where to begin," says Doug Burke, president of eHNC. "Our partnership with iCOMS will provide the most effective pain reliever through a complete e-commerce enabling service with the best fraud detection available. It's a one-stop approach that merchants should be very excited about." |
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