Financial Software - Wednesday, October 10, 2007
Credit Card Scam Fighters FraudSciences Raises $11M
Bit by Bit it is getting easier for smaller online merchants to compete. Startups like FraudSciences help by giving merchants a low risk way to accept credit cards from the scary general pubic. FraudSciences offers a full order value guarantee against all fraud-related charge backs. The company ays it has tested in over 150K online transactions with 99.99% performance accuracy, and less than 0.01% of transactions approved incur any fraud-related charge back fees.
Customers include Ice.com, Diamond.com, NetShops, Adorama Camera and Goldspeed.com.
Today the company announced that it raised a 2nd round of funding at $11M from Redpoint and Israel's BRM.
Read - announcement
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