What Happened?
Mississauga, ON-based MerchantRMS Appointed Suresh Pattu as Chief Technology Officer
About the Company
MerchantRMS Inc. delivers a comprehensive and technologically-advanced global online payment fraud protection service to large eCommerce merchants and payment processors, via either cloud-based SaaS or deployed software models. The MerchantRMS service captures fraudulent CNP (card not present) and other online payments using not just standard blacklists, but via a potent combination of multi-variable fraud scoring engines, a neural network that detects fraud patterns and behaviours in apparently clean transactions, multi-factor device fingerprinting, proxy-busting technology and scanning of other indicators such as email address age and the buyer`s presence on up to 70 different social media and networks. Result: The thousands of MerchantRMS users around the world report average chargeback rates of 0.002%, with some users experiencing fraud levels reduced to as low as 0.001%. Based in Toronto, Canada and with the main operations & development centre in Chennai, India, since 2008 MerchantRMS has worked with leading payment processors around the world to provide enterprise-grade online payment fraud protection to eCommerce merchants. MerchantRMS makes the process of detecting and preventing CNP fraud easier and more effective, reducing both expenses and potential losses – and, just as importantly, increasing online sales revenues by giving merchants the confidence to accept orders from legitimate customers that otherwise might be rejected. MerchantRMS is well funded, led by industry veterans, and fully capable of delivering every benefit our solution promises.
About the Person
Suresh Pattu is Chief Technology Officer at MerchantRMS. Previously, Suresh held various senior IT leadership roles in the industry.
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