21 October 2014

BPC-USA secures fraud management contract

30 July 2012  |  1113 views  |  0 Source: BPC-USA

BPC-USA, the leading provider of Open System e-payment solutions for the North American financial industry, announces today a new contract signing with US processor, Crystal Clear Payments (CCP) to implement its fraud management solution, SmartGuard.

CCP is a best-of-breed payment processing solution for community financial institutions who want the best of technology and service excellence.

Speed to market and business agility are two crucial ingredients in CCP's strategy; in selecting SmartGuard they were confident that the solution could be implemented rapidly and would deliver the flexibility needed to combat the growing threat fraud poses to their customers. With their deep understanding of the solutions currently available in the marketplace, CCP also selected SmartGuard because of its proven ability to significantly reduce the impact of fraud.

SmartGuard tracks 100% of online transactions providing a holistic picture of cardholder and merchant activity. The solution is powered by a sophisticated fraud analytics engine and monitors transactions from both traditional channels like POS and ATM, as well, as emerging channels such as e-commerce, m-commerce, etc. SmartGuard helps financial institutions to detect and prevent the latest fraud attacks, reducing financial losses significantly, while maintaining a superior customer experience.

Providing advanced fraud detection and prevention is the first step in CCP's business plan and will be followed with additional service offerings in the payments space. SmartGuard is a product within the SmartVista end-to-end e-payments suite and provides CCP with a stepping stone to a fully integrated, fully functional, e-payments solution using the latest technologies. SmartVista, currently in use in more than 30 countries worldwide, fully meets the needs of the North American marketplace.

Commenting on the agreement, Dan Cook, CEO of Crystal Clear Payments said "We chose SmartGuard because it is the most advanced fraud prevention solution on the market, and we chose BPC because of their proven ability to deliver successful projects in very short timescales. As CCP's mission is to get to market fast and provide the most comprehensive service to our customers, BPC and SmartGuard were a natural fit for us."

"We are delighted that CCP has selected BPC as a partner in this new venture. By combining international expertise with local knowledge, we are able to bring the best of both worlds to our customers - whether that is fraud, EMV migration or end-to-end payments solutions. We look forward to helping CCP achieve their aggressive launch plans," said Marc Solomon, SVP North American Sales and MD, BPC-USA. 

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