ReD's online transaction monitoring and fraud prevention service can now be accessed as part of VeriFone's PAYware Ocius managed payments solution. With ReD Shield as a value-added component, PAYware Ocius actively identifies and helps prevent fraudulent transactions.
VeriFone's PAYware Ocius provides multi-channel merchants with PCI-compliant hosted card acceptance and supports end-to-end encryption and tokenisation. By providing ReD services integrated into PAYware Ocius, VeriFone is able to deliver a total managed service that covers all merchant security and anti-fraud requirements whatever the channel of delivery - internet, mail order, telephone order and interactive TV. ReD Shield provides detailed transaction monitoring and analytics for real-time fraud screening and provides an even safer environment for all types of CNP commerce.
Manish Patel, ReD president for EMEA, comments, "ReD Shield is already serving many of the world's leading ecommerce merchants and we are excited to be working with a market leader like VeriFone to extend online payment fraud prevention to more European retailers. ReD protected over 17 billion transactions in 2011 and the integrated payment processing and fraud prevention service now available from VeriFone will help to give customers the reassurance they crave when shopping online."
This is reinforced by Tony Saunders, VP and GM, VeriFone UK and Ireland, "Merchants increasingly need a payment service and support partner to manage not only card acceptance and PCI compliance but also the growing threat of fraud. Much of this can only be identified from monitoring and analysing transactions to identify mis-use and other trends. PAYware Ocius now provides merchants the option to do so direct from our managed service platform. We can offer retailers a stable and secure infrastructure that will protect and detect against fraud, whilst also enabling speedy and secure electronic transactions when it matters the most."