ReD Shield provides real-time risk assessment recommendation designed to allow retailers to sell goods and services online. China’s e-payment market is growing fast and it’s expected to triple reaching USD 26 billion (CNY 280 billion) by 2010.“It’s inevitable that the anticipated sharp increase in online payment transactions will unfortunately include a rinse in online fraud. Wise online merchants are looking for fraud prevention experts to step in and protect their businesses. We’re very excited to be partnering with ChinaBank Payment, one of the most successful online processors in china, to offer ReD Shield as a fraud prevention service to these e-commerce merchants in China,” said CEO of ChinaBank Payment Zhao Goudong.
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