Moneybookers fighting the fraud

The European online e-cash processor Moneybookers has appointed Tero Pollanen as head of anti-fraud activities, one of a series of new hirings that has seen Moneybookers’ headcount double since the beginning of 2008.

Formerly senior manager for fraud strategy at LloydsTSB, one of Britain's largest mainstreet banks, Pollanen will be heading up Moneybooker's Anti-Fraud and Risk Team, driving the continued development and implementation of fraud prevention. A company spokesman sais that this area is becoming ever more crucial in ensuring safety for all users as Moneybookers expands at a rate of 10 000 new account openings a day.

In order to meet this strong growth, Moneybookers has doubled its total staff headcount from 150 at the start of 2008 to nearly 300 in March this year. Moneybookers will hire an additional 100 employees by the end of 2009 to help facilitate the continued expansion of the business. The company recently announced record results for 2008 with Euro 2.4 billion in transaction volume and profit of Euro 18.7 million, and is confident of successfully building on this growth momentum throughout 2009. Moneybookers signed up its seven millionth account holder in March this year.

Nikolai Riesenkampff, co-CEO of Moneybookers, said: “I’m delighted to welcome Tero to the Company as he brings with him a wealth of experience which he will be employing to enhance the security of our systems even further. He will be a welcome addition to our industry-leading team of anti-fraud specialists as we seek to continue to grow our business.”

Pollanen commented: “Moneybookers is at the forefront of fraud prevention in the online payments industry but this is an ever-changing world and we need constantly to keep refining and updating our security measures. I’m looking forward to this challenge and making sure we remain one step ahead of fraudsters.”

Moneybookers was founded in 2001 in London and is regulated by the Financial Services Authority of the United Kingdom. Its worldwide payment network offers businesses access to over 60 payment options in over 200 countries with just one integration.

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