Ecommerce Loss Prevention Specialist eFraud Security Selected by Ajax Union to Help Protect Its Online Transactions
eFraud Security is proud to announce its new partnership with Ajax Union to help protect the marketing firm's roster of online merchants from losses due to chargebacks made with fraudulent credit cards
NEW YORK, May 17, 2013 /PRNewswire/ -- eFraud Security, a service provider of Online Credit Card Fraud Verifications, announced that it will partner with online marketing company, Ajax Union. eFraud Security will use its CardProber AutoResolver™ to help Ajax Union's large network of more than 47,000 online merchants mitigate losses resulting from purchases using stolen credit card numbers. The company, available at http://www.eFraudSecurity.com, offers a host of services, including chargebacks, order verification, and loss prevention.
Ajax Union will utilize eFraud Security's CardProber AutoResolver™ solution. AutoResolver provides merchants with a decision along with a 100% guarantee. Approximately 85% of a merchant's overall transactions can be approved with AutoResolver. Approved transactions are covered with a full guarantee for the face value of the transaction.
"Competing fraud-prevention software platforms, which do not offer any guarantees, occasionally misguide the merchant resulting in monetary losses and can substantially reduce a merchant's confidence in the software he or she is using. What's unique about eFraud Security's CardProber AutoResolver™ solution is that it actually stands behind its decision with its full guarantee," said Michael Dembinsky, CEO of eFraud Security.
eFraud Security was founded in 2008 as the first company to offer credit card order verification with a real-time guarantee using its CardProber AutoResolver™. All settings and business rules maintenance is conducted by eFraud Security, which means that online buyers and merchants are not required to create or maintain any business rules. This allows online merchants to conduct their business efficiently without having to worry about online security or being exposed to credit card fraud. In addition to added security, the company's CardProber AutoResolver™ also returns its approval decision within seconds allowing merchants to process orders quickly and efficiently.
"We chose to partner with eFraud Security because its AutoResolver solution has actually been optimized and tested to work well with international transactions. Most of our merchants are struggling with accepting international credit card payments. CardProber AutoResolver™ addresses this challenge and allows our merchants to conduct business worldwide without the worries of fraud-chargebacks," said Joe Apfelbaum, CEO of Ajax Union.
"Another advantage to eFraud Security's CardProber AutoResolver™ is that it returns responses instantly, currently not being offered by other Order Verification Outsourcing companies. We look forward to working with eFraud Security to help protect our merchants in real-time," said Zevi Friedman, President of Ajax Union.
eFraud Security is committed to maintaining the best fraud prevention strategies, and its team boasts members with knowledge and skills in fraud management, business software development, accounting and legal to ensure that customers always receive the most comprehensive and cost-effective credit card fraud solution available. Online merchants can also take advantage of eFraud Security's chargeback and order verification services conducted by experienced analysts to help prevent other types of credit card fraud.