ReD, Verifi in strategic anti-fraud deal

Thursday 13 March 2014 10:30 CET | News

Global provider of electronic payments and risk management services Verifi has teamed up with ReD, a global provider of fraud prevention and payment services.

The joint companies will develop new products and solutions for CNP (card-not-present) merchants. Verifi will integrate its authorized Cardholder Dispute Resolution Network (CDRN), chargeback and transaction data with the ReD Fraud Xchange service. Both parties will continue to seek further partnerships with as many data sources as possible that are valuable in identifying and preventing fraud.

As part of the agreement, Verifis CDRN and Chargeback Representment services will be offered with ReDs portfolio of fraud prevention tools and services. In turn, Verifi will offer ReDShield, a fraud prevention platform that provides instant decisions (accept/challenge/deny) on ecommerce and m-commerce transactions. Verifi will also offer the ReDi business intelligence portal to help card-not-present merchants better understand fraud trends.

Verifi’s suite of services enables transaction risk management and mitigation, cardholder authentication and chargeback re-presentment for all major credit card brands.

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

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Fraud & Financial Crime

Industry Events