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FraudLabs Launches Website and Web Service to Fight Online Credit Card Fraud

Added: (Thu Jul 28 2005)

Pressbox (Press Release) - FOR IMMEDIATE RELEASE

FLORIDA, July 28, 2005 FraudLabs are delighted to announce the launch of official website at http://www.fraudlabs.com together with its flagship product, FraudLabs Fraud Detection Web Service.

FraudLabs Fraud Detection Web Service is an industrial strength, secure and automated XML-based solution for validating credit card transactions online. FraudLabs web service screens and detects online credit card fraud based on transaction parameters from Internet online orders. It is a proven solution to prevent chargeback and to reduce fraud to protect online merchants.

Available immediately, FraudLabs Fraud Detection Web Service integrates seamlessly with any shopping cart to returns fraud analysis results together with fraud score in real-time. It accepts common input parameters such as IP address, email address and billing address.

FraudLabs provides highly accurate results to the customers. Every transaction goes through a strict assessment process which reviews over dozen aspects of online purchase parameters to determine risk level of orders. Supported by partners, IP2location (http://www.ip2location.com - geolocation service provider) and ZIPCodeWorld (http://www.zipcodeworld.com - postal code and area code database), have proven success in the industry for many years.

FraudLab is flexible and designed to ensure that the web service is always available in real-time. FraudLabs web service is hosted on redundant servers, redundant Internet connections, and 24x7x365 monitoring. In addition to new presence on the web, FraudLabs web service is using platform independent XML format to exchange data between systems. All customers can integrate the web service regardless of their web server and shopping cart solutions.

FraudLabs seeks to create extraordinary fraud detection value for wide range of customers, such as internet retailer, online payment processor, custom software developer and shopping card providers. Free trial package is available to our customers.

About FraudLabs
Founded in 2004, FraudLabs has been actively involve in research to fight online credit card fraud. The flagship product, FraudLabs Fraud Detection Web Service, screens and detects online credit card fraud by applying checking to transaction pattern. FraudLabs's main headquarters is located in Penang, Malaysia, with regional sales office located in Florida, United States.

The company can be reached by fax at +1-941-240-2105, by email at press@fraudlabs.com, or on the Web at http://www.fraudlabs.com.

Submitted by:Fraudlabs.com
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