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CardinalCommerce Receives 2013 METAward for Most Innovative Anti-Fraud Technology

CardinalCommerce Corporation

MENTOR, Ohio, April 3, 2013 (GLOBE NEWSWIRE) -- CardinalCommerce, a global leader in Consumer Authentication, is pleased to announce that its Cardinal Centinel® Select platform has received the Merchant Risk Council's (MRC) 2013 MRC Emerging Technology Award (METAward) in the existing company category.

"This year's show has been our most successful MRC to date," said Tim Sherwin, Cardinal's Executive Vice President. "The Council did a phenomenal job gathering top executives in the eCommerce industry providing great value to all attendees. It's quite an honor to be recognized by the MRC, the premier global fraud and payments association, as the solution provider delivering the most innovative, cutting-edge technology for managing payments and risk in electronic commerce."

Mike Keresman, Cardinal's Chief Executive Officer, commented: "Cardinal chose MRC as the venue to introduce Centinel Select, the world's first smart authentication system designed to work in real-time with issuing banks and apply authentication when it's needed. Merchants can now increase sales opportunities and reduce or eliminate false positives, with the comfort of safe and secure transactions – all with an enhanced, seamless consumer experience."

"We are delighted with the reception and excitement this new technology is receiving," said Keresman. "Perhaps, more importantly, we can work directly and more closely with merchants to collectively take fraud out of the system. This is even more significant as EMV becomes a global and US reality. As we have seen in other parts of the world, when EMV is introduced into a region, fraud leaps to the less secure channels such as mobile and eCommerce. With Centinel Select, we can help Future Proof our Customers' payment technology needs."

"The Merchant Risk Council's annual METAwards honors and celebrates successful innovation and the newest technologies in the eCommerce industry," said Tom Donlea, MRC's Managing Director for the Americas. "CardinalCommerce was selected as a finalist by a panel of leaders from prominent global eCommerce and multi-channel retailers. Their MRC METAward recognition is hard-earned and well-deserved."

About the MRC

The Merchant Risk Council (MRC) is a merchant-led non-profit trade association focused on electronic commerce risk and payments globally. The MRC leads industry networking, education, benchmarking and advocacy programs to make electronic commerce more efficient, safe and profitable.

Headquartered in Seattle, Washington, the MRC has a European office in Madrid, Spain. Learn more at www.merchantriskcouncil.org.

About CardinalCommerce

CardinalCommerce has been a pioneer in the remote payments industry since 1999 and is a branded global leader in enabling authenticated payment transactions in the electronic commerce and remote commerce markets.

Cardinal's SaaS software platforms, Cardinal SafeCloudTM, for merchants, banks, processors and transaction supply chain providers create friction-free interoperability among otherwise disparate and incompatible operating systems. Cardinal's platforms enable technology-neutral authentication across a wide range of applications. The Company's proprietary, patented solutions easily facilitate the addition of new technology for remote distribution channels through a single connection. This allows merchants to securely accept payments from the entire financial transaction ecosystem.

The universe of payments spans from traditional credit and debit card brands like MasterCard and Visa, to established and emerging alternative payment brands like PayPal, Green Dot®, and Alipay. In accommodating this growing number of payment brands and methods, and these technology and authentication approaches within legacy infrastructure, Cardinal's platforms serve as universal switches, supporting virtually all merchant platforms, wallets, processing systems and authentication methodologies.

CardinalCommerce is headquartered in Cleveland, Ohio and services a worldwide Customer base from facilities in the United States, Europe and Africa. For more information, visit www.cardinalcommerce.com

The CardinalCommerce logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=697

CONTACT: Media contact: Francis M. "Tim" Sherwin Executive Vice President and Co-Founder 877.352.8444 tims@cardinalcommerce.com Sales contact: Alasdair Rambaud Senior Vice President Merchant Services 877.352.8444 arambaud@cardinalcommerce.com

Source:CardinalCommerce Corporation