Kyle
NorseCorp is a technology startup located in St.Louis that specializes in fraud detection. The company was one of the first startups to receive funding and mentorship as part of the first Capital Innovator’s program in St. Louis last fall. As part of the program NorseCorp received $50,000 in seed funding along with free office space. They also presented during Capital Innovator’s first demo day last December.
Two weeks ago the startup, led by CEO Sam Glines, a 1995 graduate of Saint Louis University, reported a major deal with one of the largest electronic check and ACH payment processors in the U.S. Global eTelecom has over 55,000 merchants nationwide that will rely on NorseCorp’s IPViking software to provide another layer of protection for their customers.
NorseCorp has developed a technology that assists in online transactions by spotting for high risk, fradulent transactions. “Our eCommerce Fraud Prevention service works seamlessly at the payment gateway level to identify and block high-risk transactions before they occur,” said Skip Foss, NorseCorp chief operating officer said in a statement. “The service addresses two essential aspects of effective fraud prevention. It offers accuracy in evaluating the legitimacy of the IP address behind any transaction, and it delivers that information in real time for automated decision-making, not manual review.”
Linkage:
Check out NorseCorp here
Source: St. Louis Business Journal
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