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News

Payment service from Actinic now includes fraud checking service

Actinic : 04 June, 2009  (New Product)
Access to The 3rd Man card verification and anti-fraud service is now available freely to users of Actinic Payments
With research showing consumers increasingly worried about card security when shopping online, Actinic has responded to the challenge with a major enhancement to its Actinic Payments service for combating card-not-present (CNP) fraud. Actinic Payments' merchants now have seamless access to the anti-fraud, card verification service from The 3rd Man for no additional fee. Already used by over 26,000 customers world-wide, Actinic is now making this technology available and affordable for smaller merchants.

The 3rd Man developed the National CNP Fraud File as the most comprehensive and advanced anti-fraud service available in the UK. Processing approximately 20 million transactions per month, it can detect the vast majority of fraudulent activity well before the merchant fulfills the order. This way it protects the merchant and also minimises the potentially adverse impact fraud prevention measures can have on genuine customers.

Mark Burley, CEO of Model Railways Direct and a user of The 3rd Man's fraud checking service, commented: "We were a start up and did not take fraud seriously. However, around a year after we started, we were hit by 3% of our annual sales in fraudulent orders across three days. We then checked the payments with The 3rd Man and found that they were already flagged as potentially fraudulent. Since then, we check all transactions this way and have so far saved around £5,000. It's a brilliant service and we wouldn't do without it."

The 3rd Man service is fully integrated into Actinic Payments, powered by Creditcall, and complements Actinic's existing 3D Secure (Verified by Visa and MasterCard SecureCode) security features. At no further cost, merchants using the Actinic Payments service will now have every transaction automatically checked for fraudulent use of payment cards plus postal addresses, email addresses, names, IP addresses and phone numbers.

Chris Barling, Actinic's CEO comments, "For the first time ever, small and medium sized companies will be able to share their good and bad experiences of specific customers automatically with thousands of fellow merchants while maintaining anonymity, and fully complying with the Data Protection Act. This empowers merchants in a way not previously available."

For The 3rd Man, CEO Paul Simms says, "We were very pleased that Actinic chose us for its fraud checking feature and this underlines our claim to provide the most accurate checks available. It was clear that Actinic intended to offer a superior and fully integrated service, which fits well with The 3rd Man's policy of being best-in-class. The partnership should add value for everyone concerned."
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