AmEx To Acquire Accertify Inc. For $150M

Law360, New York (November 4, 2010, 7:29 PM EDT) -- American Express Co. announced Thursday that it has agreed to purchase online fraud prevention company Accertify Inc. for $150 million, holding serve against competitors that have gained a foothold in the burgeoning e-commerce market.

Itasca, Ill.-based Accertify offers software to online retailers that adds another layer of security to payment networks such as AmEx, Visa, MasterCard, Discover and PayPal. Vendors can also outsource their “end-to-end fraud management process” to the company, according to a joint statement on the deal.

Accertify customers have reported reductions in fraud...
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