M-Chek to check e-commerce fraud
Bangalore, Dec 5 (UNI) Namo Solutions, a pioneer in creating innovative e-commerce tools and technologies, has introduced a new product 'M-Chek' to enable customers, merchants and financial institutions to tackle fraud through effective use of mobile phones.
Namo Solutions CEO Vinod Jain, speaking at a seminar on 'Empowering business by e-commerce', organised by the company here today, said his company had developed 'M-Chek', which effectively used both internet and mobile phones to solve the challenges of e-commerce, especially in authenticating a deal by the customer.
He said 'M-Chek' would leverage mobile phones as a 'network-enabled' device and could eliminate the risks of chargeback and fraud. The company would launch the product for the first time for Airtel and ICICI Bank for its corporate transactions.
Earlier speaking to newspersons, Mr Jain said Namo Solutions had helped many companies increase its online sales dramatically. Namo products were designed to leverage the internet to help business grow exponentially and solutions address all aspects of e-commerce, including customer, vendor and inventory management, marketing, merchant account, search engine marketing and shipping. Namo had set up comprehensive e-commerce stores for many clients.
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