ST. LOUIS April 24, 2012
nGate represents a significant departure from traditional payment gateways that push fraud detection onto card processors, issuers and merchants. nGate incorporates NorseCorp’s patent-pending IPViking™ technology to proactively identify and block fraudulent transactions before they occur, helping merchants save on transaction fees and avoid issuer penalties, while enabling acquiring organizations to recruit and retain merchants.
nGate offers, in a single gateway, the ability to process practically any type of transaction, including retail and online credit/debit cards, ACH and FSA/HSA transactions — eliminating the need for merchants to use multiple payment gateways. Merchants can initiate and manage credit card and other payment transactions at POS devices or a virtual terminal through nGate’s intuitive web interface. nGate works with all of the major payment processors and more than 50 of the largest banks in the United States.
Other innovative features available only with nGate include:
- QuickBooks Integration.
- Master and Sub-Accounts.
- Secure Storage Vault.
$3 billion dollars
nGate is powered by NorseCorp’s IPViking technology, which proactively monitors the Internet to identify cybercriminals and emerging threats in real-time. IPViking differs from other fraud-fighting technologies because it tracks cybercrime to the source.
IPViking gathers intelligence on high-risk IP addresses using more than 6 million artificial intelligence (AI) agents, assessing the risk of every address behind a transaction or access request. IPViking uses that information, along with other factors, to create a risk score, or IPQ™, for every transaction. The IPQ score is reported back to nGate in less than 2 milliseconds, enabling IPViking to halt a suspect transaction before it can enter the card networks. The service can process up to 600,000 online transactions per second.