Friday, February 29, 2008

41st Parameter Signs Payment Processing Firm

Scottsdale, Arizona-based 41st Parameter said late Thursday that the firm's fraud management software has been selected by Merchant e-Solutions. The firm's product will be used to provide Merchant e-Solutions' with fraud prevention. Financial impact of the deal were not disclosed. 41st Parameter is venture backed by JAFCO American Ventures, Kleiner Perkins Caufield and Byers, and Norwest Venture Partners.