HNC Software and Go2Net's Authorize.Net Join Forces to Bring Secure Credit Card Transactions to Online Businesses
July 24, 2000 12:34 PM Eastern Time
SAN DIEGO & PROVO, Utah--(BUSINESS WIRE)--July 24, 2000--HNC Software Inc. HNCS , a leading provider of predictive software solutions for service industries, and Authorize.Net, a leading global payment processing service and part of the Go2Net Network GNET , today announced an alliance in which HNC's eFalcon(TM) Internet fraud detection solution will be integrated into Authorize.Net's Internet payment gateway, providing e-commerce merchants a comprehensive and secure solution for processing online transactions.
Authorize.Net is dedicated to preventing fraud and establishing the Internet as a highly secure means of business-to-business (B2B), business-to-consumer (B2C), and consumer-to-consumer (C2C) commerce. As Authorize.Net's merchants process transactions through the company's Internet payment gateway, they will now have the option of screening their transactions for fraud through the combined technologies of Authorize.Net and eFalcon.
"This relationship with HNC underscores Authorize.Net's commitment to providing merchants with technology that enables them to conduct secure e-commerce and reduce the risk of fraud," said John Bodine, Authorize.Net executive vice president of global sales and marketing. "We believe that eFalcon is the strongest fraud detection system on the Internet today. Combined with our existing address verification service, this offering presents merchants with an affordable, cutting-edge fraud protection solution."
"We're committed to helping our partners provide the most secure payment platforms on the market," said Bruce Hansen, president of HNC Financial Solutions, a division of HNC Software. "By aligning with Authorize.Net's customer base, HNC has the ability to expand eFalcon's reach to an additional 82,000 online merchants worldwide."
Because online purchases are classified as "card not present" (CNP) transactions, merchants, rather than card issuers, are responsible for the chargebacks resulting from these transactions. Using sophisticated neural networks, scores, and rules to identify fraudulent shoppers in real-time on the Internet, eFalcon can dramatically reduce fraud losses, help improve customer relationships, and increase sales and revenue for online merchants and service providers.
About Authorize.Net
Founded in 1996 and acquired by Go2Net Inc. in July 1999, Authorize.Net is the preferred global payment-processing service for e-commerce, providing server-based payment solutions that enable merchants to process transactions in a secure, real time environment 24 hours a day and in over 140 currencies. More businesses are using Authorize.Net to process their transactions over the Internet than any other provider in the world. Authorize.Net has grown to include more than 82,000 clients, using a network of more than 885 ISOs and acquiring banks to resell its products and services. Authorize.Net solutions process credit cards and electronic checks and work with any business model, including Internet, call-centers, and retail. For more information on Authorize.Net, visit www.authorize.net.
About Go2Net, Inc.
Go2Net is one of the Internet's leading providers of Internet applications and infrastructure technologies for both narrowband and broadband devices. The Go2Net Network features many of the Internet's leading destinations, including MetaCrawler, Silicon Investor, the HyperMart Network, PlaySite, Dogpile and 100Hot. Go2Net's HyperMart Network offers small business hosting and e-commerce solutions to more than one million members worldwide. Go2Net's Authorize.Net payment processing platform enables more than 80,000 merchants to securely process transactions online. Go2Net licenses its applications and technologies to strategic partners such as Hasbro, National Discount Brokers, Allegiance Telecom and Digeo Broadband, a joint venture among Go2Net, Charter Communications and Vulcan Ventures.
About HNC Financial Solutions
HNC Financial Solutions is a leader in the development of intelligent customer value management software solutions for the financial services and e-commerce industries. Its powerful suite of real-time decision platforms and predictive business solutions allows firms to automate new account decisioning, optimize marketing efforts, detect fraud, predict profitability, and manage the customer lifecycle. HNC Financial Solutions supports this suite of solutions with a full range of consulting services. About HNC Software Inc.
Headquartered in San Diego, Calif., HNC Software Inc. HNCS is a leading provider of predictive software solutions for the services industry, including financial, telecommunications, insurance and e-commerce. HNC's suite of predictive software solutions can provide real-time insight into customer relationships based on transaction-level data, helping companies manage their relationships with individual customers. By accurately predicting customer behaviors, these companies can create initiatives to mitigate risk and attrition; improve customer service; develop marketing programs to enhance profitability, and detect fraudulent customer transactions. For more information visit HNC's Web site at www.hnc.com or contact Melinda Bateman, HNC Software Inc., 5935 Cornerstone Court West, San Diego, CA 92121, 858/799-3880. For the investor relations' hotline, call 800/396-8052.
CONTACT: HNC Financial Solutions Patsy Campbell, 858/799-8206 pdc@hnc.com or Go2Net Inc. Kendra Romley, 415/979-1402 kendrar@go2net.com |
