EVO Payments International (EVO), a leading payment service provider operating in the United States, Canada, and Europe, and ReD, a leading provider of fraud prevention services, today announced a global strategic partnership to deliver a powerful, fully integrated international payments fraud solution to existing and future EVO ecommerce merchants.
The partnership will leverage ReD's expertise in providing fraud solutions for all payment types and channels present in every part of the payments value chain, to deliver real-time fraud prevention capabilities to EVO's ecommerce merchants across all of EVO's geographic and vertical markets, including retail, hospitality, gaming, and financial services. ReD's solution incorporates ReD Shield®, a real-time, online fraud prevention solution tailored to the requirements of major ecommerce merchants, reducing payment fraud and the need for costly manual reviews. Prior to entering into this strategic partnership, ReD previously provided fraud prevention tools and services to Deutsche Card Services, a payments provider which EVO acquired in 2013, and ReD continues to support these merchants in Europe.
"As a natural outgrowth of our continued international expansion, it is critical for EVO to partner with service providers who are able to deliver leading solutions across EVO's geographic markets and verticals," said James Kelly, Chief Executive Officer of EVO Payments International. "As a truly global ecommerce fraud solutions provider, ReD is a perfect fit for our organization and, more importantly, our merchants and partners."
"We are excited about the opportunity to provide a payments and ecommerce fraud solution to EVO's clients across the globe," said ReD Chief Executive Officer, Paul Stanley. "Our solution is tailored to the unique requirements of individual ecommerce merchants, and our ability to work with merchants and partners of all sizes is crucial to our offering."