Global Payments Inc. Will Deploy Accertify Risk Management and Fraud Prevention Solutions for E-commerce Transactions
CHICAGO, Oct. 11, 2011 /PRNewswire/ -- Accertify, a leading fraud prevention and risk management provider, announced today that Global Payments Inc., a leader in electronic transaction payment processing, will offer its e-commerce merchants a comprehensive and proven fraud screening solution based on Accertify's leading risk management technology. Through the existing Global Transport® gateway, merchants will be able to easily leverage the fraud protection and data management capabilities of Accertify, enabling them to protect against card-not-present (CNP) fraud and mitigate counterfeit and identify theft risks.
Global Payments will provide its merchants in the United States, Canada, United Kingdom and the Asia-Pacific region access to powerful yet easy-to-use fraud fighting technology with proven results in reducing fraud, increasing legitimate transactions and improving customer satisfaction.
"The e-commerce segment continues to grow at a healthy pace, and merchants are doing more sales through this channel than ever before. It is vital for all of our merchants to have stringent protection in place, and our agreement with Accertify will give them access to a proven risk management solution that many leading multi-national companies rely upon," said Sid Singh, senior vice president and global head, product for Global Payments. "Chip and pin technologies are also gaining critical mass on a worldwide basis, increasing fraud rates in the card–not-present channel. Our e-commerce merchants will now be able to safeguard their interests without compromising on sales revenues."
"As online transactions dramatically increase each year, more merchants and consumers are falling prey to fraudulent behaviors, especially card-not-present activity. With the ability to mitigate multiple types of fraudulent transactions, including online, call centers, point of sale, and mobile kiosks, Accertify is uniquely positioned to provide Global Payments' merchants with an easy-to-use solution that significantly reduces fraud and protects their customers. Furthermore, by enabling merchants to free up resources to focus on customer care, while decreasing costs related to fraud and excessive chargeback penalties, merchants can ultimately increase their revenue and profits," said Jeffrey T. Liesendahl, President of Accertify.
Accertify's comprehensive Interceptas® platform integrates all of the components of a complete fraud prevention program while offering the flexibility to adapt to new fraud trends. In addition, the Interceptas platform will empower merchants to take advantage of automated real-time evaluation of fraud cases to ensure more accurate and timely results.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit http://www.globalpaymentsinc.com/ for more information about the company and its services.
Accertify Inc., a wholly owned subsidiary of American Express, based in Itasca, IL, is a leader in providing e-commerce companies with hosted software solutions, tools and strategies for preventing online fraud and mitigating enterprise-wide risks. Its Interceptas® platform integrates every component of fraud prevention, applies state-of-the-art automation to each step in process and offers advanced capabilities for managing fraud data. Built with a merchant's perspective, Interceptas delivers flexibility in preventing various types of criminal behavior, including fraud related to card-not-present purchases, online scams and policy abuse, merchandise returns and exchanges and other data management challenges. Accertify is committed to providing online companies with the most cost-effective solution to fraud available. For more information, visit www.accertify.com.