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December 11, 2014

First Data partners with ReD to prevent bank card frauds in Mexico

ReD, an ACI Worldwide company, has entered into a strategic partnership with First Data Mexico to provide fraud prevention services in order to support the ecommerce market in Latin America.

By Verdict Staff

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ReD, an ACI Worldwide company, has entered into a strategic partnership with First Data Mexico to provide fraud prevention services in order to support the ecommerce market in Latin America.

As part of this partnership, First Data will introduce the real-time fraud prevention service, Red Shield, to its existing merchant customer base in the region initially focusing on Mexico.

Based on multi-dimensional fraud detection engine, ReD Shield is designed to serve individual customer requirements and will help detect and eliminate card-not-present fraud in multiple sectors, across multiple payment types and across international boundaries.

The solution, with a global fraud database, fully automated processes and an intuitive customer interface, will enable merchants to drive down false positives and reduce the load of manual reviews.

Flor Bicain, customer and partner director for Latin America at ReD, said: "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."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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