SecureTrading selects ReD for fraud prevention services

Under the terms of the deal, ReD will provide SecureTrading with its ReD Shield fraud prevention solution, to support the processor’s global expansion. In addition, ReD’s analysts will provide tailored fraud solutions and conduct risk assessments for SecureTrading’s merchant clients.

ReD Shield will form the main component of SecureTrading’s Protect Plus fraud prevention service, enabling merchants to expand into new markets and territories. ReD Shield anticipates and responds to changing patterns of fraud ensuring SecureTrading’s merchants remain protected in all environments.

By partnering ReD, SecureTrading is offering a multi-layered fraud solution to merchants, using multiple technologies to ensure that valuable transactions are processed while potentially fraudulent ones are identified and isolated. ReD Shield is set to protect payment transactions that are accepted over the internet, via mail order, telephone order or through interactive TV by constantly monitoring and analysing card activity across the globe.

ReD delivers it payment fraud prevention and payment processing services to international clients ranging from global telecommunications to retail, travel, petroleum, banking and the e-commerce sectors. The company has offices in the UK, US, China, Australia and South Africa. SecureTrading‘s online card payment service enables its customers to accept credit cards, debit cards and other payment methods such as PayPal and Ukash online. The company also provides a suite of counter-fraud services ranging from 3-D Secure, CVV2 and AVS to SecureTrading Fraud Score and SecureTrading Identity Check.