Leading U.S. online retailer joins ranks with other companies in global online fraud battle
DUBLIN, Ireland, Nov. 5 -- Ethoca, the global leader in collaborative fraud management, announced today that CompSource, a leading U.S. online computer and electronics retailer, is the latest company committed to working with other companies as a member of Ethoca's global community in a collaborative effort to fight fraud.
"By joining the Ethoca community we are able to work securely with other companies to reduce fraud and its negative impact on our business. By being better informed we can confidently reject known fraudulent orders as reported by others in the Ethoca community, and decrease our cost of manual review," said Dean Bellone, President of CompSource. "I would encourage the members of the online retail industry in the U.S., and other parts of the world, to stand with us in the fight against fraud by joining the Ethoca community."
With over 15 years in business, CompSource is a leading computer and electronics retailer carrying over 200,000 brand name computer hardware and software products. CompSource typically receives over 7,000 unique visitors to their site and over 700 phone calls a day. Earlier this year CompSource was named among Internet Retailer's 2007 Top 500.
"We are thrilled to welcome CompSource to the Ethoca community," said Andre Edelbrock, Ethoca's President and CEO. "We are experiencing fantastic growth in membership, and adding yet another industry leader further strengthens our community. The landscape in the battle against fraud is changing where fraudsters, whether working alone or together, don't profit!"
Today's announcement is further validation that the demand for collaborative fraud management is gaining strong momentum. From online retail to electronic payments to online charities to gaming, global leaders see Ethoca's collaborative fraud management service as a way to make informed decisions and enhance profitability. Ethoca is the only service that allows companies to learn and benefit from the fraud experiences of other companies - accepting more of the "right" types of transactions increases revenue, and declining the "wrong" ones reduces losses and non-payment.
About Ethoca Limited (www.ethoca.com)
Headquartered in Dublin, Ireland, with offices in Toronto, Canada, Ethoca is the leader in collaborative fraud management. Ethoca enables businesses operating in any customer-not-present environment - business by internet, phone, fax or mail - to make informed decisions about their customer transactions by sharing fraud experience data in a way that is secure, automated, effective and ethical. Businesses submit transaction data to Ethoca and can use summary history and analysis based on the collaborative data of Ethoca's clients to gauge the fraud-risk associated with any given transaction.
Ethoca's community includes a number of leading and recognized companies and payment and fraud solution provider partners from around the world.
Ethoca's clients increase profits by finding the optimal balance between allowed transactions and fraud-risk levels, and fraud management costs. Ethoca's use of independent third-party business process and data integrity audits ensures that the privacy and security of data is maintained. For more information about Ethoca visit www.ethoca.com.
About CompSource (www.compsource.com)
CompSource Inc. was started 16 years ago with its primary emphasis on national and international mail order. Our specialty is our efficient distribution. We carry over 300,000 name brand computer hardware and software products, and guarantee same day shipping on all overnight shipments if your order is charged by 4:00 PM ET. CompSource has access to over 16 warehouses around the U.S. to assure quick delivery. CompSource typically receives over 7,000 unique visitors to our site and over 700 phone calls a day! With this purchasing power we are able to receive the lowest possible prices from over 1700 vendors and pass that savings on to you. We also realize that "Service is Still Everything" and we won't forget it. Our first customers are some of our best customers today. We are in business to make your purchase as pleasant as possible. Among other honors, CompSource was named among Internet Retailer magazine's 2007 "Top 500." For more information about CompSource visit www.compsource.com.
Source: Ethoca Limited
Tel: (416) 968-7311 x229
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