ReD, Alpha Payments Cloud to support cross-border expansion for merchants

Thursday 20 March 2014 11:16 CET | News

ReD, a global provider of fraud prevention and payment services, and Alpha Payments Cloud, (APC) a cloud-based payments solution provider, have partnered to support acquirers and merchants in their ecommerce growth.

As a result of the alliance, Alpha Payments Cloud clients across North America, Europe, Asia Pacific and Latin America will gain access to ReD’s fraud prevention service, ReD Shield, via the APC Product Hub.

According to Oliver Rajic, CEO at APC, with cross-border ecommerce already exceeding USD 300 billion, and global online trade expected to hit USD 1.4 trillion by 2015, it is important for merchants to become more agile and offer international services, in order to remain competitive and drive continued revenue growth.

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.

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

Check out our Cross-border Ecommerce Research section here for more info on specific ecommerce facts & figures, preferred payment methods, risk and fraud, as well as ecommerce legislation & regulation in mature and emerging countries.

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Keywords: ReD, Alpha Payments Cloud, online fraud, fraud prevention, ecommerce, online merchants
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce