iPrevent™, Brighterion's leading fraud prevention solution has won a Gold award (First Prize)
April 11, 2006 (Press Release) --
San Francisco, USA and Amsterdam, Netherlands, April 05, 2006
iPrevent™, Brighterion's leading fraud prevention solution has won a Gold award (First Prize) as the most innovative and cost effective payments processing solution. The award was bestowed by the European Payments Consulting Association (EPCA) and European Card Review Innovation Awards. The award ceremony was held at the EPCA Conference held in Amsterdam this week.
The EPCA panel of consultants judged entries on their outstanding contribution to Europe's payments business during 2005. They assessed entries against a number of performance criteria including innovation, design, customer benefits, efficiencies, value for money, ease of implementation and marketing and promotion.
iPrevent fraud management solution presents a new approach to fighting fraud. It combines several advanced artificial intelligence technologies with 'smart agents' that respond dynamically to changing fraud patterns and anticipate them before they occur. In predicting critical cases of first fraud and self-adapting to changing fraud patterns, financial institutions, processors and merchants will be able to anticipate future fraud before it becomes a cost factor. With iPrevent's self-adapting capabilities, payment businesses also benefit from highly customized fraud prevention models specific to their region and business operation. In addition to reductions in first fraud, businesses will also be able to reduce false positives, identify suspicious behavior in real time, and reduce fraud management overhead.
Brighterion customers are seeing substantial reductions in losses due to fraud, an increase in profitability and better customer relationships.
Commenting on the award, Lucien Bourely, Global chief operating officer of Brighterion, “We're striving to work with the industry in setting a new industry standard for fraud prevention. Today's award is a fine recognition not only for the work undertaken by the global team within Brighterion but more importantly from partners working with us on IPrevent implementation projects around the world. Together we're striving to make innovation the driver to our combined success. As fraud continues to affect businesses at every point in the transaction lifecycle, Brighterion is a leader in the innovation, we are proud that Brighterion can offer the first dynamic solution for real-time fraud prevention in electronic transaction environments.
About Brighterion
Founded in 2000, Brighterion™, Inc. is the new leading provider of fraud prevention, identify theft protection and anti-money laundering solutions for the financial, insurance, healthcare, and e-commerce industries. Brighterion offers three products:
iPrevent™: Fraud Prevention and Identity Theft Protection,
iComply™: International Compliances (Offac, Interpol, FBI, Patriotic Act, TracFin, Europe, Asia, etc.),
iProtect™: Anti Money Laundering Detection.
The core technology represents more than 500 person/years of development started in 1991.
For more information, please visit: please visit us : www.Brighterion.com
iPrevent™, Brighterion's leading fraud prevention solution has won a Gold award (First Prize) as the most innovative and cost effective payments processing solution. The award was bestowed by the European Payments Consulting Association (EPCA) and European Card Review Innovation Awards. The award ceremony was held at the EPCA Conference held in Amsterdam this week.
The EPCA panel of consultants judged entries on their outstanding contribution to Europe's payments business during 2005. They assessed entries against a number of performance criteria including innovation, design, customer benefits, efficiencies, value for money, ease of implementation and marketing and promotion.
iPrevent fraud management solution presents a new approach to fighting fraud. It combines several advanced artificial intelligence technologies with 'smart agents' that respond dynamically to changing fraud patterns and anticipate them before they occur. In predicting critical cases of first fraud and self-adapting to changing fraud patterns, financial institutions, processors and merchants will be able to anticipate future fraud before it becomes a cost factor. With iPrevent's self-adapting capabilities, payment businesses also benefit from highly customized fraud prevention models specific to their region and business operation. In addition to reductions in first fraud, businesses will also be able to reduce false positives, identify suspicious behavior in real time, and reduce fraud management overhead.
Brighterion customers are seeing substantial reductions in losses due to fraud, an increase in profitability and better customer relationships.
Commenting on the award, Lucien Bourely, Global chief operating officer of Brighterion, “We're striving to work with the industry in setting a new industry standard for fraud prevention. Today's award is a fine recognition not only for the work undertaken by the global team within Brighterion but more importantly from partners working with us on IPrevent implementation projects around the world. Together we're striving to make innovation the driver to our combined success. As fraud continues to affect businesses at every point in the transaction lifecycle, Brighterion is a leader in the innovation, we are proud that Brighterion can offer the first dynamic solution for real-time fraud prevention in electronic transaction environments.
About Brighterion
Founded in 2000, Brighterion™, Inc. is the new leading provider of fraud prevention, identify theft protection and anti-money laundering solutions for the financial, insurance, healthcare, and e-commerce industries. Brighterion offers three products:
iPrevent™: Fraud Prevention and Identity Theft Protection,
iComply™: International Compliances (Offac, Interpol, FBI, Patriotic Act, TracFin, Europe, Asia, etc.),
iProtect™: Anti Money Laundering Detection.
The core technology represents more than 500 person/years of development started in 1991.
For more information, please visit: please visit us : www.Brighterion.com
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