“The ePayment anti-fraud system protected online stores from losses of around EUR520,000, with an average of 400 fraud attempts detected every month,” says a press release.
Most fraud attempts prevented by the ePayment security system were registered in the fields of telecom – 41%, tourist services – 22% and miscellaneous services – 13%. The least attempts were recorded in IT&C retail, entertainment and utilities bills.
Most cards used in fraud attempts (38%) were issued in the United States, 21% in Romania, 10% in Italy, 10% in the United Kingdom. Other cards used in trying to breach the ePayment security system were issued in France, Australia, Germany, Brazil and Canada.
The authors of these attempts were located in Romania (24%), the United States (33%), Italy (8%), the United Kingdom (7%) and other states, such as France, Brazil, Spain, Germany and Colombia.
ePayment provides integrated ecommerce solutions and is a local leader on the online payments market, with over two million transactions, worth EUR138.8 million, processed in 2011.
In 2010, the company was taken over by PayU, owned by media group Naspers, and will change its name to PayU Romania.