Merchant Risk Council

SEATTLE, 2016-03-15 20:18 CET (GLOBE NEWSWIRE) --

On March 9,NuData SecurityandRiskifiedwere voted winners of the METAwards at MRC Vegas 2016 hosted at the Aria Resort and Casino. Both organizations have established themselves as innovative leaders within the eCommerce payments and fraud community.

NuData Security, winner of the established category, delivered a comical presentation demonstrating their solution NuDetect. This powerful technology uses a combination of real-time predictive behavioral analytics, passive biometrics and a non-PII behavioral network effect across the entire customer base to identify "good" and "bad" online users. This behavior offers three key benefits: verifying legitimate known users to reduce step-up authentication costs and friction, identifying higher risk activities prior to site access and leveraging extensive behavioral network to identify fraudulent behavior patterns.

NuData Security receives sponsorship rights of the 2017 METAwards including stage time during the general conference.

Riskified, winner of the emerging category, took home the title by introducing its technology Spektra. Spektra, an innovative behavioral model approach, uses new machine-learning algorithms that effectively and efficiently learn and analyze customer behavior, boosting fraud detection accuracy and eliminating false declines. Spektra distinguishes between legitimate customers and fraudsters to decrease revenue loss and build consumer trust in merchants.

As the winner of the emerging category, Riskified will receive a free year of MRC membership, a $15,000 value.

The METAwards, MRC Emerging Technology Awards, honor solution providers in both the start-up (under 3 years) and established (over 3 years) categories whose creative innovations and advanced technologies have contributed to the commercial and operational success of eCommerce merchants.

METAward winners were selected by MRC Vegas 2016 attendees through a live voting process in the official MRC mobile app. Established finalists includedInAuth,SiftScienceandFeedzai. Emerging finalists includedPazienandShape Security.

About the MRC:

The MRC is an unbiased global community providing a platform for eCommerce fraud and payments professionals to come together and share information. As a not-for-profit entity, the MRC’s vision is to make commerce safe and profitable everywhere by offering proprietary education, training and networking as well as a forum for timely and relevant discussions. The MRC was launched in 2000 at the start of the eCommerce boom by a small group of industry professionals from leading consumer brands, with the ultimate goal of combating online fraud in the card not present space. Since its inception, the MRC has also added online payments to its portfolio, expanding its presence further into eCommerce.The MRC is headquartered in Seattle, Washington and has an office in Dublin, Ireland.

MEDIA CONTACT: Emma Cloninger
TELEPHONE: +1 206.364.2789 ext. 152
EMAIL: emma@merchantriskcouncil.org