Accertify Is Named by Leading Analyst Firm as a Visionary in Web Fraud Detection
Chicago, IL - February 11, 2009
Accertify, a provider of leading-edge credit card fraud prevention solutions to online merchants, today announced that Gartner Inc. has named the company a visionary in the fast-growing web fraud detection industry.
Gartner's Magic Quadrant for Web Fraud Detection placed Accertify in the visionaries quadrant based on the company's completeness of vision and ability to execute. Strict criteria must be met for inclusion in Gartner's Magic Quadrant. Criteria included customer deployments, customer references and Gartner's determination of candidates to be significant players in the market based on market presence and/or technology innovation.
"Web fraud detection vendors are experiencing high-sales growth rates, driven by increasing cyber attacks in a weakened global economy," said Gartner analyst Avivah Litan in the Feb. 6 report. She noted that e-commerce merchants continue to upgrade their web fraud detection systems to keep losses down.
Accertify has successfully sold its Interceptas platform to a number of leading e-commerce merchants in the airline, social networking, retail, digital media and consumer electronics industries.
"We consider our positioning in the visionaries quadrant by Gartner a confirmation of the strength and innovative nature of Accertify's offering," said Jeff Liesendahl, Accertify's CEO. "We feel this recognition reflects the very positive response we've received from leaders in the marketplace, while our growth momentum underscores the need for the comprehensive and integrated approach that Interceptas takes to fighting fraud."
Built by fraud prevention experts, Interceptas provides merchants with a flexible, fraud-fighting workbench that incorporates all the features and services required to effectively combat card-not-present fraud. The platform includes advanced front-end screening features, an automated case management workflow platform and a chargeback management system. It pushes relevant transaction data elements to fraud analysts, automates the validation of order information, and reduces dependency on internal IT resources. Its comprehensive review dashboard features an easy-to-use interface that is easily customizable.
"Accertify has significantly reduced the total cost of fraud for key web merchants," Liesendahl said. "Interceptas helps merchants increase fraud detection and reduce false-positives. Our unmatched features and functionality reduce manual reviews and make the review process faster and more efficient. Merchants become less dependent on internal IT resources and gain control over their fraud prevention efforts so they can quickly modify and implement new rules, strategies and tools".
* Magic Quadrant Disclaimer
The Magic Quadrant for Web Fraud Detection is copyrighted February 6, 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Accertify®, Inc. is the first company to focus on developing fraud prevention tools and strategies from the perspective of merchants that accept 'card not present' transactions. That focus led to the development of Interceptas® which applies state of the art automation to every step in the merchant's process of managing credit card fraud exposure. Accertify exemplifies a constant commitment to maintaining the best in fraud prevention strategies, and its management team combines complementary skills from fraud management, business software development, accounting and legal to assure that its customers receive the most comprehensive, cost-effective solution to credit card fraud available.