LONDON, September 27, 2012 /PRNewswire/ --
ReD, a leading global provider of fraud prevention services and Sage Pay, a leading UK payments provider, have teamed up to offer UK e-commerce businesses a powerful, real-time fraud prevention service that enables merchants to accept e-commerce and m-commerce transactions securely.
Sage Pay is offering its customer base ReD's leading ReD Shield® fraud prevention solution, giving merchants the security and confidence to grow their e-commerce and m-commerce sales.. ReD Shield® is a multi-dimensional solution which combines advanced fraud prevention technology with detailed fraud analytics to provide effective, real-time fraud screening capabilities. The new partnership with Sage Pay will extend the accessibility of this market leading solution, providing an efficient and scalable fraud prevention service for a diverse selection of merchants across the UK.
Manish Patel, President of ReD EMEA said: "We are delighted to be partnering with Sage Pay to deliver a sophisticated fraud prevention service to their ecommerce customers. The ReD Shield® solution for Sage Pay will enable merchants of all sizes to benefit from reduced chargeback rates and false positives, whilstmaximising revenues from good transactions and improving customer satisfaction and retention."
Simon Black, CEO of Sage Pay said: "The partnership between ourselves and ReD was a natural one to ensure we can help empower UK merchants to protect their businesses with enterprise level security. We are very impressed with the support ReD is providing, through the expertise of their risk analysts and the excellence of their technology and solutions delivery team.
Going forward, we will be developing a range of fraud prevention packages for merchants across a variety of sectors and we anticipate many businesses taking advantage of this valuable service."
ReD is a global leader in card fraud prevention and payment services. Independent of any card scheme, ReD is present at every stage of the payments value chain, supporting merchants, PSPs, issuers and acquirers, processors and switch networks in the fight against fraud.
As a participating organization on the board of the PCI DSS Security Standards Council, ReD plays a central role in setting standards for the payments industry.
ReD employs some of the world's leading risk and fraud analysts and gathers data from more than 190 countries. The company serves customers across six continents, from telecommunications, retail, travel, petroleum, banking and broader e-commerce sectors. Customers include Chevron, John Lewis, Shell, T-Mobile, Tesco Mobile and Virgin Mobile.
For more information about ReD, please visit: http://www.redworldwide.com
About Sage Pay Europe Ltd
Sage Pay is the UK and Ireland's leading independent payment service provider (PSP) and one of the most trusted payment brands. Every year Sage Pay processes billions of pounds worth of secure payments for its 45,000 customers and makes the process of accepting payments online, over the phone, or in person simpler, faster, safer and more profitable for businesses of all sizes.
Sage Pay is a subsidiary of FTSE 100 business management software and services company The Sage Group plc. http://www.sagepay.com
SOURCE Sage Pay and ReD