South Africa: ReD, Setcom partner to fight Card-Not-Present fraud

Friday 24 January 2014 09:20 CET | News

ReD, a global provider of fraud prevention and payment services, has entered a four year agreement with South African payment gateway Setcom to fight Card-Not-Present fraud.

Under the agreement, ReD’s fraud prevention solution ReD Shield will be available to Setcom’s global merchant base, as part of an integrated fraud and payments offering. The agreement will allow Setcom to offer ReD’s fraud and risk services to its wide range of clients worldwide. ReD will work closely with Setcom and its merchants to provide consultancy and expert risk advice to deliver tailored solutions.

ReD Shield is a fraud prevention solution that includes proprietary screening databases, a dynamic rules engine, pattern recognition software, patented PRISM neural network technology, BIN identification, “gibberish” filters, an analytical engine and IP geo-location technology. ReD Shield uses an unlimited number of transaction variables and a global database of ‘hot’ cards to detect and prevent online fraud across the retail, banking, travel, gaming, telecom and broader ecommerce sectors.

In recent news, Pensio, a Danish payment management company, and ReD have teamed up to offer an integrated, tailored fraud screening solution to Pensio’s merchant customers.

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: South Africa, ReD, Setcom, card-not-present, payment gateway, online fraud, fraud prevention
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime