Archive for Accertify

Congratulations to Accertify on the American Express Acquisition!

November 21 2010

I just wanted to congratulate my former colleagues at Accertify, Inc. for their acquisition by American Express this month! Accertify Will Become Part of AmEx in $150 Million Deal Nov. 4, 2010 American Express Co. on Thursday announced it will pay approximately $150 million to buy a software startup in suburban Chicago whose product lets online merchants automate order screening for fraud. Founded in 2007, Accertify Inc. has built a client base that includes Barnes & Noble, Urban Outfitters, and 1800 Flowers as well as airlines, social networks, and money-transfer processors. The deal, which is expected to close before the end of the year, follows in the wake of similar, albeit larger, acquisitions by AmEx rivals Visa Inc. and MasterCard Inc. Visa this summer bought e-commerce gateway CyberSource Corp. for $2 billion. CyberSource is a major vendor of anti-fraud products for card-not-present merchants. And last month MasterCard closed on its $526 million acquisition of the U.K.’s

PSC mentioned in the Chicago Sun-Times

June 26 2008

PSC was mentioned in the June 16th, 2008 Chicago Sun-Times in an article about Accertify, the fraud protection firm that PSC is involved in. Recognizing a sky-high business opportunity, last year the 43-year-old Geneva native started Schaumburg-based fraud prevention company Accertify. Founded with two former Orbitz colleagues and two principals at IT consultancy PSC Group -- the firm hired by Orbitz in 2001 to implement fraud prevention systems -- Accertify's customers include Southwest Airlines and RealScoop.com. While Accertify will hire additional sales and technical talent with the Intel money, the company will also continue to partner with neighbor and stakeholder PSC Group and the firm's approximately 120-person staff. "We have been able to use them and have the resources of a much larger company with the cash burn of a much smaller company," Liesendahl said. Nice article. Congrats to the Accertify and PSC folks!