LONDON | Pensio and ReD announced a new partnership that is offering ReD Shield, an integrated, tailored fraud screening solution, to Pensio’s broad range of merchant customers.
'Right Fraud Detection is Vital'
The first merchant to take advantage of the integrated service is progressive retailer LN-CC. David Hobson, ecommerce Director at LN-CC said, “As we expand our global online presence, it’s vital that we have the right fraud detection in place to protect our business. By working with Pensio and ReD we achieve that for every type of payment instrument.”
Complete End-to-End Payment Reconciliation
Pensio delivers technical processing and complete end-to-end reconciliation of payments across Nordics, Europe, Asia and the United States. Integration of ReD’s proven, market-leading ReD Shield® fraud prevention solution into its proprietary payment services platform has enabled Pensio to present customers across multiple sectors with a choice of two fraud prevention offerings. The first is a seamless and rapidly implemented solution that uses fraud rules based on the industry or sector in which the retailer operates. The second delivers a customised solution of uniquely tailored rules, for individual retailers with specific or complex requirements.
Christian Rasmussen, CEO at Pensio, commented, “Pensio's proprietary payment platform offers over 103 individual payment mechanisms to our global client base and we’re constantly adding to this. As our clients extend their global reach they need the reassurance that we can provide them with best of breed fraud detection. ReD Shield is a flexible, industry-leading solution, preventing fraud across multiple payment methods, channels, sectors and countries. Delivered by a team of highly committed risk experts, its addition into the Pensio platform will enable us to provide the best and most flexible payment and fraud prevention solutions to our customers, giving them the security and confidence to continue driving business growth.”
'Manage evolving payment fraud'
Manish Patel, President of EMEA at ReD, said: “ReD is delighted to be partnering with Pensio who have such a deep understanding of the payments marketplace. Our combined experience and flexible solutions enable us to provide retailers with a highly tailored fraud prevention solution which is optimised for each individual customer. ReD’s unrivalled payments and fraud data, coupled with the sustained investment in our solutions and the experience of expert risk analysts, ensures that the ReD Shield service remains at the forefront of techniques to manage evolving payment fraud.”
Pensio is a Danish based payment management specialist that defines and implements the optimal solution for its clients to process payments globally. By combining our unique payment services platform with our highly knowledgeable customer support team, Pensio provides its clients with a reliable and transparent customised payments strategy that can be implemented in just a few weeks. Pensio’s solutions are highly effective at reducing basket abandonment, providing detailed multi-currency reconciliation and fraud detection. For more information visit Pensio's website.
ReD is a world leader in fraud prevention. 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. ReD is different. 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. Each customer receives a tailored, responsive and highly effective solution with day-to-day support from a dedicated, expert analyst. 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 ReD's website.
ReD, Felicity O’Brien, +44 7785 625574, firstname.lastname@example.org
Sourced from Pensio, 16th January 2014