SCOTTSDALE, Ariz. -The 41st Parameter, a fraud detection and prevention provider for the online channel, and Elite Analytics LLC, a data analytics and compliance consulting firm, have partnered to integrate their capabilities into a more robust online fraud detection and prevention solution for merchants and financial institutions.
According to a news release, the partnership unites The 41st Parameter's patent-pending technology with Elite Analytics' analytics and data mining for the online channel.
"Our missions and expertise are the perfect complement to one another as we team up to help online organizations fight fraud," Elite principal Micci-Barreca said. "Adding data mining and analytics to a covert detection system exponentially magnifies our ability to predict and plan for new attacks. And the combination of our core strengths will help better protect merchants and banks from evolving threats so they can focus on their business while delivering on the promise to safeguard consumers."
