Source: Retail Decisions
CardinalCommerce, a leader in the payment authentication service market and Retail Decisions (ReD), an international provider of payment processing and fraud prevention services to the retail, banking, telecom and e-commerce sectors have announced an agreement to offer the Cardinal CentinelTM service through ReD's payment and risk management platforms.
The agreement will enable Retail Decisions' customers to access Cardinal's merchant software platform for authenticating payments through the Verified by Visa, MasterCard SecureCodeTM and JCB J/Secure payment initiative programs.
"Offering payer authentication services through Cardinal's Centinel service is a logical step for Retail Decisions" stated Carl Clump, CEO of the Retail Decisions Group. "The addition of the Centinel service to ebitGuardTM, ReD's multi-dimensional real-time fraud prevention service, will enable our customers to authenticate payments through Verified by Visa, MasterCard SecureCode and J-Secure, while at the same time continuing to enjoy the benefit of reduced customer insult rates, transaction out-sort rates and chargebacks resulting from fraudulent card-not-present payments. This partnership is further indication that ebitGuard's merchant-specific rules, proprietary detection engines, extensive domestic and international fraud screening databases and neural network technology continues to deliver a best of breed risk management service to our US and international customers."
Cardinal provides authentication services, based on 3-D Secure technology, to more merchants than all other 3-D Secure vendors combined. Cardinal is the first company worldwide to offer a simple comprehensive authentication service to merchants and acquirers, encompassing all 3-D Secure initiatives.
Due to the unique architecture of Centinel and this integration, ReD's payment gateway and risk management customers will be able to authenticate transactions through their existing implementation, thus expanding secure transaction coverage and further mitigating chargebacks across a larger percentage of merchant transactions.
"We are very pleased to announce the partnership with ReD," stated Kendall G. Myles, Senior Vice President of Merchant Services at CardinalCommerce. "ReD's customers represent many of the largest online retailers in the world. With this integration, ReD and Cardinal are combining forces to offer the market ReD's world-class risk management and payment gateway services together with Cardinal's advanced payer authentication services. This offering will result in even greater chargeback liability protection and, in some instances, lower interchange fees for merchants."