Outseer Ends H1 2021 with Growing Momentum, Including Key Executives Appointments, Continuous Product Innovation, and Outrageous Growth in Secure 3D Transactions
Successful June Launch of Outseer as Global Leader in Payment Monitoring and Authentication Solutions
BOSTON, August 09, 2021– (BUSINESS WIRE) – Outseer, the leader in payment authentication and monitoring solutions, today announced results for the first half of 2021, including monumental growth in 3-D Secure transaction volume, the hiring key executives and launching major product updates including EFTPOS certification.
In June, RSA announced the transition of its Fraud & Risk Intelligence business to Outseer, a new stand-alone company serving a global community of customers and partners. The new organization, defined by autonomous business management and a modern corporate identity, is the culmination of decades of scientific innovation in anti-fraud and payment authentication solutions. The company’s launch was well received by the press and the analyst community, with notable coverage in TechCrunch, ZDNet, MergerMarket, and over 20 additional outlets. Also in June, KuppingerCole named Outseer as a global leader in its released report detailing fraud reduction intelligence platforms.
Supporting its leadership as an independent company, Outseer has named several respected veterans of the fraud prevention and digital identity field to its leadership team, including Ellen Purdy (CFO), Armen Najarian (CMO) , Dan Welch (VP of Global Client Services) and Leah Evanski (Global Head of Business Development and Strategic Alliances). Together, these leaders bring a wealth of experience and success to Outseer, positioning the company for profitable and continued growth and innovation.
The Outseer Q2 Fraud & Payments report, launched in July, detailed a massive increase in global cyber attacks – over 50,000 documented – and 3-D Secure 2.0 adoption rates, with transaction volume growing by 1,667% from one year to the next. (Q1 2020 vs. Q1 2021). As 3-D Secure has become the go-to payment authentication method, Outseer released critical updates for this product in July, improving operational efficiency and managing European regulatory requirements.
The company also continues its commitment to product innovation, as announced in the Outseer Summer ’21 release. Among the many innovations shipped in the first half of the year, Outseer 3-D Secure was certified by EFTPOS, an Australian card network and program, to protect cardless transactions on the EFTPOS network.
“In just six months, we have significantly transformed Outseer into a recognized industry leader. I couldn’t be prouder of everyone at Outseer who has delivered on their promise to free the world from transactional fraud for our customers, partners and investors around the world, “said Reed Taussig, CEO of Outseer.” With a successful launch of the business and a fully assembled management team, we are truly poised for success. Outseer is poised to capitalize on the widespread demand for payment authentication and fraud prevention solutions across the world. . “
Outseer, an RSA company, enables the digital economy to grow by authenticating billions of transactions each year. Our payment and account monitoring solutions increase revenue and reduce customer friction for card issuing banks, payment processors and merchants around the world. Leveraging 20 billion annual transactions from 6,000 global institutions contributing to the Outseer Data Network, our identity-based science delivers the highest fraud detection rates and lowest customer response in the industry. Find out what others can’t at outseer.com.
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