This article is brought to you by Retail Technology Review: Risk Ident strengthens partnership with Computop – joining forces against online fraud with end device recognition.
Risk Ident, a specialist and provider of fraud prevention software within the European market, has strengthened its partnership with Computop, the payment service provider.
The two companies have signed a partnership agreement and, in doing so, are strengthening the existing successful partnership, deploying 'Device Ident', a Risk Ident software product capable of identifying cases of online transaction fraud in real time through device recognition.
Computop merchants can now choose to integrate 'Device Ident' into their Computop Paygate payment platform, enabling them to detect evidence of fraud and thus effectively minimise the associated costs of online fraud. By identifying unique device characteristics, retailers are able to reliably assess the risk of end devices and identify those that are already suspected of fraudulent activities.
Device fingerprinting works by analysing the unique characteristics of each end device that places an order in a retailer's online shop. The individual fingerprints are created and stored by Risk Ident in a global data pool. This data can later be used to identify suspicious devices. In compliance with applicable German data protection regulations, personal data is not transmitted or processed at any time.
Even when analysing millions of transactions, it is still possible to carry out an individual device assessment in real time thanks to the state-of-the-art technology used in the software and the intelligent rule sets. The technology also provides ongoing support to retailers with the detection of identity theft and hacking of user accounts by fraudsters.
"We are delighted to extend this excellent partnership with Computop and have already made a promising start following successful tests. All Computop customers can benefit from our solution with immediate effect," says Roberto Valerio, CEO of Risk Ident. "Fraud remains a major challenge for online retailers as fraudsters are constantly trying new strategies and channels. As the German market leader in the area of device fingerprinting, we are proud to be able to assist retailers with effective fraud prevention in partnership with Computop."
"The partnership with Risk Ident enables us to offer our customers another key component for fraud prevention, which is fully integrated into Computop Paygate", says Stephan Kück, Director of Computop.
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