Friday, November 14, 2008

41st Parameter in Fraud-Fighting Collaboration

Scottsdale, Ariz.-based 41st Parameter Inc. reported earlier this week that has teamed up with Ethoca Ltd. to provide e-commerce customers of both companies with a comprehensive fraud prevention solution. The 41st Parameter said the combined offering will feature its fraud-screening application, FraudNet, with Ethoca's Global Fraud-Fighting Community, an international database of shared transactional history data. The collaboration will enable FraudNet customers to cross-reference potential instances of fraud by subscribing to and accessing, Ethoca's database through FraudNet. 41st Parameter is a developer of fraud detection and prevention technology, and is backed by high profile venture capital firm Kleiner Perkins Caufield & Byers and Norwest Venture Partners.