LONDON & CAIRO--(BUSINESS WIRE)--
ReD,
an ACI
Worldwide (NASDAQ: ACIW) company, has announced a strategic
partnership with The Emerging Markets Payments (EMP) Group to offer
powerful transaction monitoring and risk management capabilities to EMP
Group's clients in the Middle East and Africa.
EMP
Group delivers electronic payments services to more than 130 banks
and 30,000 merchants across 45 countries. The company is committed to
supporting the rapid and secure expansion of the payments industry in
these fast growing markets, and the agreement with ReD will enable EMP
Group clients to strengthen their risk management processes with a
proven and cost-effective solution that is deployed by financial
institutions around the world. The solution uses predictive neural and
rules-based technologies to provide real-time and near-real-time fraud
decisioning, enabling clients to keep pace with constantly changing
patterns of financial transaction fraud.
EMP Group CEO Murat Ozulku, said: "ReD is a recognized global leader in
payment fraud
prevention and a strong, like-minded partner for us as we seek to
support the rapid growth of our clients in Africa and the Middle East.
Together, we can bring these clients the benefits of an integrated
payments processing and risk management solution that is robust, highly
flexible and scalable to meet their developing needs."
Manish Patel, ReD's Regional President for EMEA, added: "We are seeing
rapid change, innovation and growth in the Middle East and Africa
payments industry - and we are delighted to be partnering with EMP Group
to help banks and merchants take advantage of these new opportunities in
a cost-efficient and secure manner. Together, we will deliver a strong
24/7, real-time, customer centric, scalable solution that will give
clients the confidence they need in the face of increasingly
sophisticated card and payments fraud."
About ReD
ReD - an ACI Worldwide company - is a world leader in fraud prevention
services. Its solutions are present at every stage of the payments value
chain, supporting merchants, PSPs, issuers and acquirers, processors and
switch networks in the fight against fraud. ReD is different. Flexible
and independent of any card scheme, ReD protects billions of
transactions across multiple channels and payment types. The company's
proprietary technology is underpinned by world class fraud and risk
analysts and pooled data from more than 190 countries. Each customer
receives a tailored, responsive and highly effective solution with
day-to-day support from a dedicated, expert analyst. ReD serves
customers from multiple sectors and across six continents from offices
in Australia, China, Dubai, South Africa, the United Kingdom and the
United States, and through partners around the globe. For more
information, visit www.redworldwide.com
About EMP (Emerging Markets Payments) Group
Emerging Markets Payments (EMP) is the leading electronic payments
processing company in the Middle East and Africa (MEA). The Company
covers all elements of the payments value chain, from issuing, acquiring
and switching through to card procurement and personalisation. It also
covers all the major channels, being card, mobile and Internet. EMP is
currently partner to over 130 banks and 30,000 retailers across 45
countries in MEA. The company also offers a full range of eGovernment
solutions. EMP offices are located in Cairo, Egypt; Amman, Jordan; Lagos,
ACI Worldwide
Dan Ring, 781-370-3600
Director, Global Public
Relations
dan.ring@aciworldwide.com
Source: ACI Worldwide
News Provided by Acquire Media
