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Skyline eCommerce Systems Launches FraudFree.net

Portal to provide payment card fraud prevention service for merchants and consumers. In moving the prevention to the front of the transaction we hope to significantly reduce the amount of payment card fraud in the US.

 
PRLog - May 26, 2011 - NEW YORK -- New York - Skyline eCommerce Systems, a leading provider of secure digital payment services and payment card fraud prevention technologies, announced today the launch of their payment card fraud prevention portal for merchants and consumers.  The site, located at http://www.fraudfree.net, is the first step in a multi-pronged strategy to address payment card fraud both on-line and in stores.

Douglas Luke, President and COO of Skyline eCommerce Systems, noted; “There was 48 billion dollars in known payment card fraud in 2009 even with the existing fraud detection software that is used today. Our solution actually works to prevent fraud at the point of sale not just detect it after the fact.” He went on to say, “It is unfortunate how complacent we have become, as consumers, when it comes to payment card fraud.  Most consumers believe the myth that payment card fraud doesn’t cost us a penny. The unfortunate reality is payment card fraud losses for consumers were greater than 1.7 billion dollars in 2009.  There is technology available today that can address the fundamental issue of card holder verification during the check out process, particularly when it comes to on-line card-not-present transactions, and it has the potential to significantly reduce these types of fraud.  There simply is no technological reason for this type of fraud to continue and be so rampant within the e-commerce ecosystem.”  

“Anyone who has been a victim of payment card fraud can clearly see the value in solutions that use multi-factor authentication”, said Mr. Luke.

You can find a full copy of the Global Security Report for 2011, produced by Trustwave from SpiderLabs, located from our site URL shown below at http://www.fraudfree.net/information/Global_Security_Repo...

We look forward to working with merchants, consumers and the payment card industry to reduce payment card fraud and are committed to bringing secure, reliable, and easy-to-use solutions, that address these types of fraud, to market quickly.  Skyline eCommerce Systems is a strong advocate for protecting privacy both on-line and in stores for all consumers.  We support the Secure ID Coalition in their effort to standardize multi-factor authentication for payment card transactions.

About Skyline eCommerce Systems:

Skyline eCommerce Systems is a leading provider of secure digital payment and payment card fraud prevention services in the United States.  By bringing together the power of mobile technology and the latest in advanced security techniques our FraudFree.net™ cloud service and VoiceLocked™ technology can stop unauthorized payment card use before the transaction is processed.  Merchants who utilize our service can reduce their losses due to fraudulent charges.  Consumers who utilize our mi-NUI™ (mobile intelligent-Natural User Interface & pronounced “my-newy”) smart phone application can protect their payment cards from unauthorized use.  

With an innovative method of protecting payment card transactions our Enterprise Sales Fraud Management System™ suite can virtually eliminate this type of payment card fraud.    

The company is headquartered in New York.  For more information, please visit us at: http://www.skyline-ecommerce.com

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Skyline eCommerce Systems is a leading provider of secure digital payment and payment card fraud prevention services in the United States. By bringing together the power of mobile technology and the latest in advanced security techniques our FraudFree.net™ cloud service and VoiceLocked™ technology can stop unauthorized payment card use before the transaction is processed. Merchants who utilize our service can reduce their losses due to fraudulent charges. Consumers who utilize our mi-NUI™ (pronounced “my-newy”) smart phone application can protect their payment cards from unauthorized use.

With an innovative method of protecting payment card transactions our Enterprise Sales Fraud Management System™ suite can virtually eliminate this type of fraudulent activity.

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Contact Email:
***@skyline-ecommerce.com Email Verified
Source:Skyline eCommerce Systems
Phone:(917) 922-0265
Zip:11757
City/Town:New York City - New York - United States
Industry:Consumer, Retail, Technology
Tags:payment card fraud, fraud prevention, consumers, merchants, credit card fraud, pci compliance, shopping, Fraud Losses
Shortcut:prlog.org/11512004
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