DHgate.com Deploys Austreme's Transaction Laundering Detection Solution

Nov 06, 2015, 09:35 ET from DHgate

HONG KONG, Nov. 6, 2015 /PRNewswire/ - DHgate, the first and largest cross border B2B e-commerce transactional platform in China, has implemented Austreme's Transaction Laundering Detection solution.

DHpay, the payment platform provider under DHgate, has a vision to offer a global payment platform for worldwide e-commerce users with multi-channel payment services. Working closely with major card schemes like Visa and MasterCard, DHpay has been following Payment Card Industry Data Security Standards and in order to empower the existing risk and fraud management of its payment platform, DHpay has appointed Austreme as the Transaction Laundering Detection ("TLD") service provider.

By implementing the comprehensive TLD solution in its platform, DHpay is now able to detect all suspicious activities of merchants such as transaction aggregation and non-compliance with rules such as Card Acceptor Business Code (MCC) miscoding violations. Furthermore, all illegal and brand-damaging activities, such as sale of prohibited drugs, tobacco products, pornographic images, counterfeit goods and illegal electronic devices can also be addressed.

"Upon the detection of any suspicious activities or violations, our risk and fraud management officers receive an alert and immediately investigate the findings in the report, then follow up on the final resolution," said Zhang Yali, Trust and Safety Department director of DHgate. "We ensure our partners and customers using the platform are secure from all attacks, including malware and phishing, while preventing the degradation or interruption of payment and transaction performance."

About DHgate

DHgate is the first mover and the biggest cross border B2B e-commerce marketplace in China. We aim to provide global buyers with quality products at competitive prices. Founded in 2004, DHgate.com has approximately 10 million global buyers from 230 countries and regions, with 1.2 million global sellers offering 33 million product listings. Our business enables buyers to directly access global manufacturers of the world's top brands with the richest product selections. DHgate is currently engaged in multiple business, such as international logistics, cross border payment, internet financing, etc. Offering DHgate overseas warehouses in the US, 48 hour delivery and convenient product returns & refunds provide great convenience to US buyers www.dhgate.com.

About DHpay

DHpay was launched in 2010 is an independent subsidiary and third-party payment platform of DHgate.com. It processes billions of online transactions for its merchants daily and is a Qualified Service Provider (QSP) of Visa. It is the first company to offer cross-border payment services in China. With its powerful risk management and payment mechanism, DHpay is the most reliable expert in cross-border payment that enables users to gain and grow in the internet world. For details of DHpay, please visit www.dhpay.com.