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

Free Report

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.

By clicking the Download Free Report button, you accept the terms and conditions and acknowledge that your data will be used as described in the GlobalData privacy policy By downloading this Report, you acknowledge that we may share your information with our white paper partners/sponsors who may contact you directly with information on their products and services.

Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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