LONDON--(BUSINESS WIRE)--
ReD,
an ACI
Worldwide (NASDAQ: ACIW) company, has announced a strategic
partnership with First Data Mexico to offer enhanced fraud
prevention services in support of the fast growing ecommerce market
in Latin America.
Through this partnership, First Data will introduce the market leading,
real-time fraud prevention service, Red Shield®, to its existing and
prospective merchant customer base in the region, focused initially on
Mexico.
Based on an advanced multi-dimensional fraud detection engine, tailored
to individual customer requirements and supported by a team of expert
risk analysts, ReD Shield is designed to detect and eliminate card-not-present
fraud in multiple sectors, across multiple payment types and across
international boundaries. The solution combines rules and analytics, a
global fraud database, fully automated processes and an intuitive
customer interface to enable merchants to maximize the acceptance of
good business, drive down false positives and reduce manual reviews.
Flor Bicain, ReD Customer and Partner Director for Latin America,
commented: "Mexico is a high growth ecommerce market which,
unfortunately, is also experiencing high levels of fraud. The
combination of these fraud levels, heightened consumer awareness and the
implementation of EMV for in-store transactions in Mexico is driving
ecommerce merchants to seek enhanced fraud prevention solutions to
protect themselves and their customers. ReD Shield offers a robust,
efficient and highly effective solution that can address this need and
provide real value to merchants."
Santiago Ranal, Head of ScotiaPOS Merchant Services at First Data
Mexico, added: "We are committed to providing best-in-class solutions
that support our merchants' business objectives. ReD Shield is a highly
sophisticated solution that caters to the demands of emerging markets
and will offer enhanced protection for our merchant clients in Mexico as
they look to take advantage of domestic and cross-border growth
opportunities."
Andreas Suma, General Manager of Latin America, ACI Worldwide,
commented: "ACI has a long and successful history of fraud prevention in
Latin America, with innovative solutions at financial service providers
and in the traditional ‘on-premise' deployment. The First Data Mexico
partnership serves the growing demand for hosted solutions - an area of
rapid increase - as well as direct demand from merchants for fraud and
payments innovation. ACI's recent acquisition of ReD will certainly
enable faster adoption across the region."
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
ACI Worldwide
Dan Ring, 781-370-3600
dan.ring@aciworldwide.com
Source: ACI Worldwide
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