Emailage Launches Convenient Way for Any Business to Understand Potential Online Fraud By Analyzing Customer Emails
Groundbreaking new approach to reducing fraud is now as easy to use as adding a downloadable extension to your Chrome, Firefox or Internet Explorer browser
Phoenix, AZ, USA – June 2, 2015 – Emailage, the leading fraud prevention technology company that uses just an email address to assess transactional risk, today launched a suite of new browser extensions to open up their innovative technology to any company. Now, businesses can detect fraud and try out Emailage’s enterprise-grade technology for free, without needing to integrate the solution into their e-commerce or banking systems. Additionally, Emailage is also announcing new executive hires, welcoming a new CFO, CTO, VP of Sales and Marketing Director.
Whether it be the Fortune 500 companies that Emailage works with across multiple industries (banks, credit card, airlines, e-commerce, money transfer, etc.) or other companies alike collectively lose nearly $25 billion to fraud each year, and payments fraud affected 62 percent of organizations in 2014. Fraud holds the potential to wipe out large corporations and new startups alike. What’s more, the areas that are most ripe for fraudsters - e.g., cryptocurrencies and automated payment processes - are hotbeds of innovation for startups capitalizing on lucrative, up-and-coming industries like Bitcoin and the on-demand economy. These companies need a flexible, easy-to-use solution that stops online fraud in real time, without slowing down their payment processes or banking functionalities.
Anyone can begin using the Emailage fraud prevention browser tool by first signing up for a free trial and then downloading the browsers extension of their choice for immediate, real-time fraud scoring.
Including the browser extension, below is the full set of company tools that connect businesses with the Emailage technology at increasingly automated levels:
- Automated API: Through this fully automated integration with the Emailage API, no action is needed from the customer – Emailage automatically processes every email to detect the risk of fraud and flags risky transactions in real time.
- SFTP (Simple File Transfer Protocol): Users can schedule automatic and secure file exchange processing through SSL using the company’s SFTP server or Emailage’s servers. You can sync single files or entire folders at one.
- File upload: When large volumes of emails need to be processed quickly, files can be uploaded and run on-demand. The customer has the ability to process as real time data or perform a regression analysis, selecting any previous point in time to determine fraud that would have been detected.
- Browser extension: The browser extension scans and identifies emails inside any web page you visit (e.g., your order system) and will analyze it in real time without the need for any system integration.
- Manual web search: Companies initially testing out the product can manually enter one or a list of emails via Emailage’s web portal to understand the likeliness of it being fraudulent.
Emailage is the only solution that quickly and accurately detects fraud in real time using just an email address. Its algorithm leverages powerful machine learning to detect fraud trends as they surface, and proactively identifies emails that fall within these trends - whether based on email domain, numeric and logic patterns, or hundreds of other elements. Other fraud solutions require data like a customer’s home address or financial information to provide an accurate evaluation of how risky a transaction is, which is data that companies don’t want shared with third parties due to the security risks involved. Using just an email address keeps sensitive consumer data safe.
“To date, our technology has already flagged over two million transactions as risky, saving our customers a combined $150 million in 2014 alone,” said Rei Carvalho, CEO of Emailage. “We work with many Fortune 500 financial institutions and merchants, and are excited to open up our innovation to businesses of all sizes through this easy-to-use browser extension, so any company can benefit from the 10x ROI our customers see.”
Emailage is also announcing an all-star new executive team. Christopher Turner joins as CFO from GlobalMed, a telemedicine technology company, where he spent four years as the Vice President of Finance & Operations. Rafael Loureiro is the company’s new CTO, bringing over 15 years of software development, consulting and leadership experience with Avanade, Pulte Homes and Statera Consulting. Jennifer Coughenour joins as VP of Sales. She spent the last 14 years in fraud and risk management with Early Warning Services and, before that, spent 15 years at Xerox Corporation where she held various management positions. Justin Kroop is the company’s new Marketing Director, bringing ten years of marketing leadership experience with Bank of America, Zounds Hearing and DBSI, a financial consulting firm.
For additional information about Emailage, visit http://www.emailage.com/. To get the new browser extension, visit here: https://www.emailage.com/signup
Emailage is a fraud prevention company that leverages the only truly global identity, email address, to determine the risk of a transaction. Filling a critical void in the fraud prevention industry, Emailage delivers an intelligent risk score that is derived from reputation far beyond a black list or simple validation check. With 90% of confirmed fraudulent transactions discovered by Emailage not previously having a loss reported for the email, it truly is a proactive approach to fraud strategy. By using proprietary algorithms and a global syndicated hub of data, Emailage is able to stop fraudsters in real time. Emailage’s API and other integration options are easy to implement and do not require the use of sensitive customer data.
Emailage is headquartered in the greater Phoenix area, with additional offices in California, the U.K. and Brazil.
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