|The ai Corporation, a fraud prevention software developer, has made an agreement with The 3rd Man, a fraud payment screening operation, to provide Internet fraud prevention services. |
The combined operation will offer a comprehensive fraud prevention and detection service to deal with complex Internet and off-line fraud scams.
“aiCorp’s SmartAuth and The 3rd Man services complement each other perfectly,” said Mark Carter, aiCorp’s CEO. “The combined service enables clients to reduce financial losses, save time, increase profitability with a rapid return on investment. It also gives the client a flexible and a powerful investigative tool for the detection of card fraud over the Internet.”
The partnership will be offering their services to Payment Processors and Card Not Present Merchants, which combined with recent CHIP and PIN developments, should see a huge decrease in fraud cases.