Carphone Warehouse is to use Accertify’s Interceptas software in its attempt to prevent online fraud.
Accertify’s software has allowed other retailers to benefit from reductions of 70% or more in their fraud rates in months.
The Interceptas platform offers state-of-the-art protection from online scams, card-not-present purchases, merchandise returns and exchanges and other data management problems.
Phil Mead, head of fraud and loss prevention at The Carphone Warehouse said: “[The] Interceptas platform was designed from a merchant’s perspective to give users the control, customisation and comprehensive feature set they need to stay a step ahead of fraudsters.”
Mead also described Interceptas as the best fraud prevention system he has ever seen and says Carphone Warehouse is “confident Interceptas can effectively manage all the fraud related risks we face whilst not impacting on genuine customers”.
Andy Lee, european director of professional services for Accertify, described card-not-present fraud in particular as “a growing cost for merchants in Europe” and added that Accertify is “excited to offer a more advanced alternative to the limited solutions offered by payment processors”.