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Makeena Corporation

Makeena Partners With Brighterion to Bring Next-Generation Fraud Management Technology to Global Customers

KUALA LUMPUR, MALAYSIA and TORONTO, ON (ots)

Makeena to Distribute Brighterion's iPrevent™ and iDetect™
Solutions to Prevent Fraud and Detect Money Laundering Activity
Makeena Corporation today announced that it has signed an
agreement with Brighterion to distribute the company's advanced
solutions for the prevention of fraud and money laundering. Under the
terms of the agreement, Makeena will use its established channel
relationships to sell Brighterion's products in the financial,
insurance, health care and telecommunications industries. The
agreement currently spans the Asia-Pacific, Latin America, Caribbean
and Middle East regions.
Financial loss due to fraud is having a profound impact on the
growth of global financial institutions, processors, payment
networks, insurance companies, and telecommunications providers. It
is estimated that in the U.S. alone, these sectors incur more than
$250 billion in fraud-related losses each year. This includes $32
billion in online transaction fraud and $10 billion in credit card
fraud (Meridien Research), as well as $179 billion in insurance and
health care fraud (National Consumers League).
Brighterion's range of fraud prevention and money laundering
detection products gives businesses a distinct advantage by helping
to stem financial losses and preserve corporate reputation. iPrevent
takes a unique approach to fraud prevention by combining traditional
data mining and historical analysis tools with a new generation of
Artificial Intelligence technologies and smart agents. By
automatically adapting to changing daily patterns in transaction
activity, iPrevent enables businesses to deploy highly customized,
dynamic fraud recognition systems. These systems help to provide
earlier and more accurate detection of suspicious transactions,
reduce false positives, and prevent instances of critical first
fraud. iDetect applies the same logic to money laundering, enabling
businesses to meet legal and regulatory compliance, and ensure the
continued strength of their corporate reputations.
"Brighterion's products will provide a tremendous advantage to
Makeena clients that are at potential risk of financial loss due to
fraud and concerned about the impact of money laundering on their
business," said Jorge Noguera, executive vice president of business
development for Makeena. "In extending our vision to critical
applications that add new value to our comprehensive payment
management solutions, we're helping customers protect their core
technology investments and take a preventative approach to fighting
fraud before it impacts their business."
"With Makeena's reach and pedigree in the payments industry, we're
confident that our products will significantly reduce financial
losses for a wide range of businesses in the payments industry and
beyond," said Akli Adjaoute, CEO of Brighterion. "As the impact of
fraud deepens across a wide range of industries, we believe that our
strategic distribution agreement with Makeena will help to speed the
adoption of Brighterion products on a global basis."
About Makeena Corporation
Makeena Corporation is an innovative payment industry solutions
provider and system integrator. Working directly with partners,
Makeena's integrated solutions provide end-to-end processing of any
type of payment, from any type of device, at any time. Makeena
understands payment processing. Our expertise in business
requirements, payment services and software products means we are
able to provide the right components to deliver proven results for
our customers. We deliver software, implementation service,
integration service to existing systems, and ongoing solution support
to a wide range of global customers. Our solutions are open,
embracing a wide range of the best products, solutions, platforms and
technology providers. Regardless of the payment solution, Makeena
delivers long-term benefits based on the value of our products and
services. Makeena is a member of Quadria Group, an integrated group
of companies providing turnkey payment software, integration,
processing, CRM and fraud management solutions. www.makeena.com.
About Brighterion
Founded in 1999, Brighterion Inc. is a specialist provider of
fraud prevention solutions for electronic transactions. The company
has developed products incorporating an advanced technology suite
representing a real breakaway from traditional anti-fraud solutions.
As a result of this technological breakthrough, Brighterion can offer
the first dynamic solution for real-time fraud prevention in
electronic transaction environments. For more information, please
visit: www.brighterion.com.

Contact:

Jorge Noguera
Makeena Corporation
Phone: (603) 2733-0909
E-Mail: jorge.noguera@makeena.com

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