Press release
CASHRUN TO ANNOUNCE UPGRADE OF CASHSHIELD FRAUD PROTECTION SOLUTION
ST. GALLEN, SWITZERLAND, JANUARY 20, 2011 – CashRun, a leading provider of e-commerce services, announces the upgrade of its innovative fraud protection solution CashShield for February 2011. The application receives additional features to significantly enhance the fraud detection technology and user-friendliness for online merchants.The newly released security features include a Device Fingerprinting Technology with over 30 additional verification tests such as Real-IP and Proxy Detection as well as the upgrade to the market highest security standards of 256-bit SSL encryption. To empower merchants with a higher level of control, selected verification information including real-time Geographical IP Distance Calculation and Network Configuration will be disclosed in an enhanced user interface.
Online merchants are estimated to pay 100US$ billion in fraud losses due to unauthorized transactions and fees associated with chargebacks, while credit cards are linked to nearly half of all fraudulent transactions. “Online merchants need to manage the risk of increasingly sophisticated fraudsters. With continuous enhancements to CashShield, we will help merchants successfully fight these risks and optimize their resources with our unique 100% Chargeback Protection” pointed out by Mr Justin Lie, Managing Director of CashRun.
The launch of this enhanced version of CashShield will allow e-merchants to concentrate on their core competencies while relying on CashShield to efficiently detect and filter out fraudulent transactions and achieve revenue growth by retaining the maximum number of genuine orders.
About CashShield – www.cashrun.com/cashshield
CashShield is one of the leading solutions for e-merchants looking to mitigate chargeback risks from fraud. With its multi-layer screening technology, CashShield is able to quickly and effectively detect, determine, and inform merchants of potentially fraudulent transactions happening in their online sales.
About CashRun – www.cashrun.com
CashRun was established in 2007 with the objective of supporting businesses’ needs for effective and affordable online payment solutions. Since establishment, CashRun has had tremendous success with key industries that are sensitive towards fraud, and continues to be at the forefront for solutions centering around e-commerce. With strong global presence and partnerships, CashRun supports businesses to develop firmly their core competencies, protect as well as maximize their revenues and growth, and minimize the risks credit card fraud presents to their operations.
Media Contact
Irene Brime
CashRun Pte Ltd
21 Bukit Batok Crescent
#16-78 WCEGA Tower
Singapore 658065
Ph.: +65 65693686 Fax: 65 6569 3268
irene.brime@cashrun.com
www.cashrun.com
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