LONDON, UK | Credorax, the smart high-tech acquirer for e-commerce and m-commerce merchants and PSPs, and ReD, a leading global provider of fraud prevention services, have formed a strategic alliance which will offer an integrated, best-in-class acquiring, payment processing and fraud prevention solution to new and existing customers of both companies.
ReD’s highly respected ReD Shield ® fraud prevention solution will be made available to Credorax customers through ePower™, the company’s unified payment processing and acquiring technology platform. The addition of ReD Shield will enhance its fraud prevention and risk-minimising services, building on Credorax’s commitment to offering merchants a highly secure acquiring and payment processing experience. ReD Shield customers will also now be able to take advantage of Credorax’s range of solutions, which are already being used by thousands of merchants and PSPs in Europe.
“ReD and Credorax are both very experienced and knowledgeable in the European e-commerce sector, making us a good fit to support merchants looking to grow their online payments quickly while minimising risk,” said Manish Patel, Regional President of ReD. “This new agreement highlights ReD’s ability to partner right across the payments value chain, providing best-in-class fraud prevention solutions and expertise.”
“This new partnership with ReD further demonstrates our relentless effort to provide our merchants and partners with a smart acquiring experience,” said Nathan Jackson, Vice President of UK Credorax. “Merchants and partners can leave the “worrying” to Credorax and ReD, and do what they do best - focus on their core business.”
ReD is a world leader in fraud prevention services. Our solutions are present at every stage of the payments value chain, supporting merchants, PSPs, issuers and acquirers, processors and switch networks in the fight against fraud. We are flexible and independent of any card scheme. We protect billions of transactions across multiple channels and payment types. Our proprietary technology is underpinned by world class fraud and risk analysts and pooled data from more than 190 countries. ReD serves customers from multiple sectors and across six continents from offices in Australia, China, Dubai, South Africa, the United Kingdom and the United States, and through partners around the globe. For more information, visit http://www.redworldwide.com.
Credorax’s Smart Acquiring Solutions are based on its proprietary payment platform, ePowerTM; a Unified Transaction Processing & Acquiring platform built to optimise the payment and acquiring lifecycle process for multi-channel retail environments. For more information please visit https://www.credorax.com or follow on Twitter @credorax.
Sourced from Credorax, September 17th, 2013