ReD today announced a global partnership with SecureTrading, a leading independent UK payment processor.
Under the multi-year deal, ReD will equip SecureTrading with its highly regarded ReD Shield real-time fraud prevention solution, to support the processor's global expansion.
ReD Shield will form the main component of SecureTrading's Protect Plus fraud prevention service, giving merchants the confidence to expand into new markets and territories. ReD Shield anticipates and responds to changing patterns of fraud ensuring SecureTrading's merchants remain protected in all environments. The solution is both payment type and channel agnostic, future proofing SecureTrading's merchants as their ecommerce strategies evolve.
"We saw real benefit in partnering with ReD's world leading technology, supported by their team of experienced risk analysts," said Daniel Holden, FD at SecureTrading."ReD Shield delivered through SecureTrading gives our merchants flexibility, efficiency and confidence: a winning combination in today's global ecommerce marketplace."
"As one of the most successful independent Payment Service Providers in the UK we're seeing extensive growth across multiple sectors and geographies. While this is incredibly exciting, expansion into new territories can be challenging, so it's imperative all aspects of our business support the same direction for growth. ReD and the ReD Shield® solution provide the strategic fit we are looking for."
Protected by ReD, SecureTrading is offering a multi-layered fraud solution to merchants, utilising multiple advanced technologies to ensure that valuable transactions are processed while potentially fraudulent ones are identified and isolated. The solution combines unlimited rules with other data attributes, enhanced through the use of neural models. This delivers a holistic business solution that minimises fraud and chargebacks. ReD Shield ® has also been configured to ensure that good transactions are not unnecessarily rejected, protecting merchant revenue and customer loyalty.
Delivered as a managed service through an expert team of experienced risk analysts, ReD Shield will provide instant accept, challenge or deny decisions on ecommerce transactions. The system can anticipate and respond to changing patterns of fraud ensuring merchants remain agile in all environments.
Working in partnership, ReD's analysts will also provide tailored fraud solutions and conduct in-depth risk assessments for SecureTrading's large merchant clients. Manish Patel, President of EMEA at ReD, comments, "SecureTrading is focused on a number of sectors - including retail, social media travel, transport and gaming - that are also key markets for ReD. Their merchant base is closely aligned to our own and their focus on intelligent, sophisticated, future proof payment fraud prevention for their customers makes this an ideal partnership."