ReD, Transact Connect partner to deliver payment solutions in Africa

Thursday 21 November 2013 00:06 CET | News

ReD, a global provider of fraud prevention and payment services, and Transact Connect, a South African payment company, have entered a five-year partnership.

Under the agreement, the companies will work to introduce ReD’s range of solutions to merchants and financial institutions across Africa.

As part of their consultancy services to clients, Transact Connect will now be offering ReD’s core payment processing and fraud prevention solutions including the ReD1 Gateway for international payments processing, the ReD PRISM fraud management solution for issuers and the ReD Shield online fraud prevention service for merchants.

The partnership will cover all countries in Sub Saharan Africa and ReD will provide integration and technical support from both their local base in South Africa and their international team of risk experts.

Transact Connect provides electronic payment expertise to Payment Services Providers, financial institutions, merchants and government agencies including central banks.

ReD delivers its 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.

In recent news, ReD has unveiled that its ReD Shield transactions screening tool connects clients to WhitePages Pro, which verifies US consumer identities using their addresses and phone numbers.

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Keywords: ReD, Transact Connect, online payments, partnership
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce