Leading U.S. online retailer joins ranks with other companies in global
online fraud battle
DUBLIN, Ireland, Nov. 5 /CNW/ - Ethoca, the global leader in
collaborative fraud management, announced today that CompSource, a leading
U.S. online computer and electronics retailer, is the latest company committed
to working with other companies as a member of Ethoca's global community in a
collaborative effort to fight fraud.
"By joining the Ethoca community we are able to work securely with other
companies to reduce fraud and its negative impact on our business. By being
better informed we can confidently reject known fraudulent orders as reported
by others in the Ethoca community, and decrease our cost of manual review,"
said Dean Bellone, President of CompSource. "I would encourage the members of
the online retail industry in the U.S., and other parts of the world, to stand
with us in the fight against fraud by joining the Ethoca community."
With over 15 years in business, CompSource is a leading computer and
electronics retailer carrying over 200,000 brand name computer hardware and
software products. CompSource typically receives over 7,000 unique visitors to
their site and over 700 phone calls a day. Earlier this year CompSource was
named among Internet Retailer's 2007 Top 500.
"We are thrilled to welcome CompSource to the Ethoca community," said
Andre Edelbrock, Ethoca's President and CEO. "We are experiencing fantastic
growth in membership, and adding yet another industry leader further
strengthens our community. The landscape in the battle against fraud is
changing where fraudsters, whether working alone or together, don't profit!"
Today's announcement is further validation that the demand for
collaborative fraud management is gaining strong momentum. From online retail
to electronic payments to online charities to gaming, global leaders see
Ethoca's collaborative fraud management service as a way to make informed
decisions and enhance profitability. Ethoca is the only service that allows
companies to learn and benefit from the fraud experiences of other companies -
accepting more of the "right" types of transactions increases revenue, and
declining the "wrong" ones reduces losses and non-payment.
About Ethoca Limited (www.ethoca.com)
Headquartered in Dublin, Ireland, with offices in Toronto, Canada, Ethoca
is the leader in collaborative fraud management. Ethoca enables businesses
operating in any customer-not-present environment - business by internet,
phone, fax or mail - to make informed decisions about their customer
transactions by sharing fraud experience data in a way that is secure,
automated, effective and ethical. Businesses submit transaction data to Ethoca
and can use summary history and analysis based on the collaborative data of
Ethoca's clients to gauge the fraud-risk associated with any given
Ethoca's community includes a number of leading and recognized companies
and payment and fraud solution provider partners from around the world.
Ethoca's clients increase profits by finding the optimal balance between
allowed transactions and fraud-risk levels, and fraud management costs.
Ethoca's use of independent third-party business process and data integrity
audits ensures that the privacy and security of data is maintained. For more
information about Ethoca visit www.ethoca.com.
About CompSource (www.compsource.com)
CompSource Inc. was started 16 years ago with its primary emphasis on
national and international mail order. Our specialty is our efficient
distribution. We carry over 300,000 name brand computer hardware and software
products, and guarantee same day shipping on all overnight shipments if your
order is charged by 4:00 PM ET. CompSource has access to over 16 warehouses
around the U.S. to assure quick delivery. CompSource typically receives over
7,000 unique visitors to our site and over 700 phone calls a day! With this
purchasing power we are able to receive the lowest possible prices from over
1700 vendors and pass that savings on to you. We also realize that "Service is
Still Everything" and we won't forget it. Our first customers are some of our
best customers today. We are in business to make your purchase as pleasant as
possible. Among other honors, CompSource was named among Internet Retailer
magazine's 2007 "Top 500." For more information about CompSource visit
Ethoca(TM) is a registered trademark of Ethoca Limited.
For further information:
For further information: Media Contacts: Ethoca Limited Gavin Murphy -
Marketing Director, Tel: +353.1.659.9487, email@example.com; Argyle
Communications, Jason Graham, Tel: (416) 968-7311 x229,
firstname.lastname@example.org; Daniel Tisch, Tel: (416) 968-7311 x223,
email@example.com; Denshaw House, 120 - 121 Baggot Street,
Lower, Dublin 2, Ireland Main: +353.1.659.9484, Fax: +353.1.659.9489; Suite
202, 4211 Yonge Street, Toronto, Ontario, M2P 2A9, Canada (416) 849-6091,
(416) 849-6095, www.ethoca.com