LIMASSOL, Cyprus, July 23, 2019 /PRNewswire/ -- Smart cashier
software giant Praxis announced today a strategic partnership with
iOvation, a TransUnion company specializing in device-based fraud
detection solutions. iOvation's world-renowned device intelligence
technology will provide Praxis merchants with advanced, real-time
fraud detection and prevention services, ensuring that all payment
processes facilitated through the Praxis Cashier are maximally
secure.
Ever seeking to provide their merchants with the most innovative
and seamless processing, consultation and custom design services
for their businesses, Praxis, a payment management system,
previously collaborated with iOvation to enable merchants to fight
chargebacks and affiliate fraud. Today, this collaboration extends
further and will harness the power of device intelligence to best
protect it and its owners (merchants) against fraud and other
financial abuse events, in real-time.
Praxis' smart cashier software is designed to overcome high-risk
processing difficulties. Native to a merchant' website, highly
modular and dynamic, a single integration acts as a universal
"plug-and-play" with over 140 payment solutions. Merchants can
select the PSP that meets their business and customers' needs,
manage multiple websites in several currencies, and enjoy global
reach and increased revenues, from a single, virtual terminal.
Through this partnership, iOvation's technology will significantly
enhance the security of every interaction and transaction taking
place through the Praxis cashier terminal - from detailed data
analysis on where any device is located to user behavior, any past
incidents of fraud associated with the device and more. Praxis
merchants will now be able to enjoy iOvation features and services,
such as device fingerprinting, automatic device blocking, and
access credit card, IP and other user details stored in any of the
worlds' largest fraud databases.
"We are proud to bring Praxis merchants the best solution for
combating affiliate and customer fraud at such a competitive rate,"
said Praxis Cashier founder and director Amit Klatchko. "Praxis merchants will be able to
protect their reputation and processing relationships even
more."
This partnership with iOvation supports Praxis' mission to offer
their merchants the latest and most effective tools that allow safe
business practices, maximum profitability and growth. Now, in
partnering with iOvation, Praxis can provide their merchants with
just that, in real-time.
ABOUT PRAXIS
Praxis Cashier is a technology provider that has developed the
ultimate smart cashier software designed with Fintech, Online
Gaming, Travel and E-commerce businesses in mind. Praxis Cashier
software was designed to overcome high-risk processing
difficulties, bring industrial peace to companies and increase
business' transaction approval rates by over 15%. With staff based
in San Jose, Barcelona, Limassol
and Kharkov, Praxis provides non-stop technological and support
coverage around the globe. For more information, visit
www.praxiscashier.com.
ABOUT IOVATION
iOvation, a TransUnion company, was founded with a simple guiding
mission: to make the Internet a safer place for people to conduct
business. Since 2004, the company has been delivering against that
goal, helping brands protect and engage their customers, and
keeping them secure in the complex digital world. Armed with the
world's largest and most precise database of reputation insights
and cryptographically secure multi-factor authentication methods,
iOvation safeguards tens of millions of digital transactions each
day. Learn more https://www.iovation.com.
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