|Leading collaborative fraud management company Ethoca Ltd has announced that online skill gaming firm Logic Empire has become the latest to join its community of businesses working together to combat Internet deception.|
Headquartered in Dublin with offices in Toronto, Ethoca operates multiple brands including Play65, Play89, GammonEmpire and PoolEmpire. It said that this latest announcement further underscores the global momentum for collaborative fraud management, from online retail to electronic payments to gaming, as global leaders see its collaborative fraud management service as a way to inform their decisions and enhance their profitability on thousands of transactions every day.
“Ethoca’s collaborative fraud management service enhances our fraud management system by allowing us to benefit from the fraud experiences of other companies across a number of industries,” said Gilad Liran, Chief Operating Officer for Logic Empire.
“Using Ethoca’s collaborative fraud management service is a logical step for our business to fight fraud and enhance profitability. I would encourage others to join the community.”
Ethoca’s service allows companies to benefit from the fraud experiences of other companies as accepting more of the ‘right’ types of transactions increases revenues while declining the ‘wrong’ ones reduces losses and non-payments.
“Logic Empire, like many other companies, recognizes the importance and underlying value collaborative fraud management offers in eliminating unwanted customer activity and maximizing profit,” said Andre Edelbrock, President and Chief Executive Officer for Ethoca.
“Why fight fraud alone? Fraud techniques are constantly evolving and becoming more sophisticated and collaborative fraud management is the answer to this global challenge.”