ReD and Sage Pay combine to combat e-commerce fraud
27 September 2012 | 2404 views | 0
Source: Sage Pay
ReD, a leading global provider of fraud prevention services, and Sage Pay, a leading UK payments provider, have teamed up to offer UK e-commerce businesses a powerful, real-time fraud prevention service that enables merchants to accept e-commerce and m-commerce transactions securely.
Sage Pay is offering its customer base ReD's leading ReD Shield® fraud prevention solution, giving merchants the security and confidence to grow their e-commerce and m-commerce sales channels. ReD Shield® is a multi-dimensional solution which combines advanced fraud prevention technology with detailed fraud analytics to provide effective, real-time fraud screening capabilities. The new partnership with Sage Pay will extend the accessibility of this market leading solution, providing an efficient and scalable fraud prevention service for a diverse selection of merchants across the UK.
Manish Patel, President of ReD EMEA, said: "We are delighted to be partnering with Sage Pay to deliver a sophisticated fraud prevention service to their e-commerce customers. The ReD Shield® solution for Sage Pay will enable merchants of all sizes to benefit from reduced chargeback rates and false positives, whilst maximising revenues from good transactions and improving customer satisfaction and retention."
Simon Black, CEO of Sage Pay, said: "The partnership between ourselves and ReD was a natural one to ensure we can help empower UK merchants to protect their businesses with enterprise level security. We are very impressed with the support ReD is providing, through the expertise of their risk analysts and the excellence of their technology and solutions delivery team.
Going forward, we will be developing a range of fraud prevention packages for merchants across a variety of sectors and we anticipate many businesses taking advantage of this valuable service."