Contact:
ClearCommerce Corporation, Austin
Michael Staley, 512/977-5418
[email protected]
or
Oake Public Relations
Chris Oake, 781/248-6513
[email protected]
Austin, Texas – December 9, 2002 – ClearCommerce announced today that Staples, Inc. (Nasdaq: SPLS), an $11 billion worldwide retailer of office supplies, business services, furniture and technology has selected ClearCommerce Risk Management for e-commerce fraud protection for its web site, Staples.com.
“Online fraud is random, dynamic and increasingly sophisticated,” said Robert McGrath, director of loss prevention for Staples. “ClearCommerce offered the most comprehensive and flexible platform and invaluable risk management expertise to help us proactively optimize business results.”
ClearCommerce Risk Management integrates an extensive arsenal of fraud detection technologies and professional services to deliver a robust decision platform. The solution will deliver a rapid return on investment by enabling Staples to minimize risk and improve efficiency with a thorough transaction screening process.
“ClearCommerce provides merchants with unparalleled flexibility to design and quickly adapt an automated order screening process tailored to their specific business and fraud patterns,” said Robert J. Lynch, president and CEO of ClearCommerce. “Our best-of-breed arsenal of fraud detection technologies is helping high-volume retailers like Staples to control and reduce the cost of managing risk through more effective detection and optimized process efficiency.”
ClearCommerce Risk Management provides a comprehensive, highly effective weapon against Internet fraud. The application uses a patent-pending rules engine, FraudShield, to seamlessly integrate payer authentication programs, sophisticated screening rules, neural network risk scoring, negative and positive databases, IP-based geo-location and more, for the most effective and efficient fraud screening and case management process.
About Staples, Inc.
Staples, Inc. is an $11 billion retailer of office supplies, business services, furniture and technology to consumers and businesses from home-based businesses to Fortune 500 companies in the United States, Canada, the United Kingdom, Germany, the Netherlands and Portugal. Headquartered outside Boston, Staples invented the office superstore concept and today is the largest operator of office superstores in the world. The company has approximately 53,000 associates serving customers through more than 1,400 office superstores, mail order catalogs, e-commerce and a contract business. More information about the company is available at: http://www.staples.com.
Source: ClearCommerce Corporation
##