GFG Group partners ReD for fraud prevention

Tuesday 28 January 2014 10:00 CET | News

International payments software solutions company GFG Group has entered into a strategic alliance with ReD, a global provider of fraud prevention and payment services.

The joint companies will provide an integrated fraud and payment processing solution to clients. The global partnership agreement will see GFG Group work with ReD to offer ReD PRISM, a transaction monitoring and risk management solution, to GFG Group’s banking and card processing clients.

The companies will initially focus on offering ReD PRISM to GFG Group clients in Asia and Latin America. GFG Group will provide integration and customer support services, while ReD will provide fraud and risk consultancy and post-implementation second-level support.

PRISM employs both predictive neural and rules-based technologies to provide fraud decisioning, enabling clients to keep pace with constantly changing patterns of financial transaction fraud.

For more information about ReD, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

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Keywords: ReD, fraud prevention, online fraud, New Zealand, Australia
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime