SEATTLE, Dec. 12, 2013 (GLOBE NEWSWIRE) -- The MRC today announced that it's now accepting nominations for the annual emerging technology award, also known as the METAward. The METAward honors and celebrates successful innovation and the newest technologies in the electronic commerce industry. Awards are presented to solution providers in both the start-up and established company categories whose creative innovations and advanced technologies have contributed to the commercial and operational success of online and multi-channel merchants.
"Our merchants are leaders in their respective verticals, representing popular global brands," said Tom Sullivan, interim CEO of the MRC and former senior director of payments and global risk at Expedia. "Innovation and new technology are at the core of our industry, allowing merchants to minimize online fraud, optimize payments globally and add value to their bottom line."
The nominated solution or product must be available for online or multi-channel retailers to deploy or use with the purpose of improving their operational efficiencies with respect to measuring, monitoring or mitigating card-not-present fraud; advancing data security; improving online payment acceptance and processes; and/or, advancing the MRC's vision of making electronic commerce more efficient, safe and profitable.
All global solution providers, third-party vendors, card brands, processors and acquirers are eligible to submit a nomination, free of charge, for the METAwards. A secret panel of merchants will review all submissions and select the top three finalists in each category who will be invited to present to more than 1,000 merchants at the MRC's 2014 eCommerce Payments and Risk Conference, 14-17 Mar., in Las Vegas. Winners will be selected through live voting.
Sullivan added, "MRC's METAward not only recognizes the latest technologies and most valuable solutions in ecommerce, but it's also a stamp of approval by merchants, for merchants."
For more information or to apply for the 2014 METAward, paste the following URL into your browser https://www.merchantriskcouncil.org/Events/Pages/METAwards-2014.aspx
ABOUT THE MRC: The MRC is the foremost global not for profit organization that fully supports and promotes operational excellence for fraud, payments and risk professionals within ecommerce. Membership includes nearly 400 of the world's most prominent merchants, to include 95 percent of the top 20 ecommerce companies in the world, over 82 percent of the top 50 and over 60 percent of the top 100, and more than 60 category leading solution providers. MRC members report 45% less revenue loss due to fraud than non-members, experience more than 50% less manual reviews and boast 50% less fraud related chargebacks. **Source: CyberSource/MRC 2012 Fraud Survey
Headquartered in Seattle, Washington, the MRC's European office is located in Madrid, Spain. Learn more at www.merchantriskcouncil.org.