Munich, Germany, December 20, 2012 --(PR.com
)-- ReD, a leading global provider of fraud prevention services, has announced that it is teaming up with PAY.ON AG, a global processor and payments platform operator, to offer card-not-present payment fraud prevention services to PAY.ON's global network of payment service providers (PSPs).
PAY.ON's customer base can now benefit from the integration of ReD Shield®, ReD's real-time fraud prevention service, into PAY.ON´s white label Platform-as-a-Service, PaySourcing, and PayPipe, the independent payment routing gateway. This will enable payment providers as ISOs, or other service providers, acquirers and financial institutions to become fully equipped PSPs in 48 hours or to outsource their entire PSP business into the cloud - in a PCI-DSS-certified environment.
As a managed service, ReD Shield provides merchants and PSPs with access to the latest fraud prevention tools and techniques, without the need for in-house investment. ReD is constantly investing to ensure that its services and solutions remain at the forefront of techniques to manage evolving payment fraud, and the ReD Shield service is delivered by a global team of expert risk analysts who are monitoring and preventing payment fraud every second of every day, around the world.
Markus Rinderer, CEO of PAY.ON AG, commented: "Our decision to integrate ReD Shield into our white label PSP payment platform builds on the strong, long-term relationship we have with ReD.ReD Shield strengthens the PaySourcing risk management portfolio and empowers our clients to protect their payment transactions effectively from fraudsters. This, in turn, lays the groundwork for unhindered international growth and successful cross-border expansion."
Manish Patel, president of ReD's operations in EMEA, commented, "PAY.ON has a deep understanding of the services that ReD provides and we are delighted that the company has chosen to expand its relationship with us. Merchants and PSPs utilising PAY.ON's market leading payment solutions will now be able to benefit from a fully integrated payment processing and fraud solution. ReD Shield is already supporting some of the world's leading ecommerce merchants and we are pleased to be making it available now to PAY.ON's global customer base."
ReD is a world leader in fraud prevention and payment services. Independent of any card scheme, ReD is present at every stage of the payments value chain, supporting merchants and PSPs, issuers and acquirers, processors and switch networks in the fight against fraud. As a participating organization of the Board of the PCI DSS Security Standards Council, ReD plays a central role in setting standards for the payments industry. ReD employs some the world's leading risk and fraud analysts and gathers data from more than 190 countries. The company serves customers across six continents, from retail, banking, telecommunications, travel, gaming, petroleum and broader e-commerce sectors. ReD has offices in Australia, China, India, Singapore, South Africa, United Kingdom and the United States. For more information about ReD, please visit: www.redworldwide.com
PAY.ON AG is the world's leading operator of payment infrastructure systems and supplier of the white label PaySourcing platform as well as the routing gateway PayPipe. PaySourcing allows clients to outsource all relevant payment and risk management processes or to access them from the cloud, and as such, to become a payment service provider all while cutting costs and saving time and resources. PayPipe is a high-performance payment gateway that connects all participants in the global payment market through only one API. As a result, PayPipe accelerates global availability for all market participants like no other network. Transactions can be appropriately processed online via PayPipe, using all payment methods in all currencies across all systems. All PAY.ON systems guarantee strict adherence to the security and requirements standards that apply to the international payment market. Additional information is available at www.payon.com