New Offering to Deliver Online Merchants Complete Fraud Detection Capabilities
ATLANTA & CHICAGO--(Business Wire)--
First Data, a global leader in electronic commerce and payment processing
services, and Accertify, a leader in online fraud prevention, today announced an
agreement to integrate Accertify`s fraud prevention platform with First Data`s
eCommerce processing gateways and platforms.
The integration of Accertify`s Interceptas® platform will provide First Data
with a comprehensive, end-to-end fraud deterrence solution. This solution will
equip First Data`s customers with tools to help mitigate risk and reduce losses
associated with fraud. The solution also eliminates the need for merchants to
deploy separate payment and risk platforms. First Data will offer this combined
solution to its 300,000 merchants around the world that sell goods or services
over the Internet and in a card-not-present environment.
"The faceoff between fraudsters and merchants continues to escalate," said
Souheil Badran, First Data senior vice president and division manager for
eCommerce. "Together with Accertify, we can leverage our knowledge and fraud
prevention experience to equip our merchants with a cohesive solution to
alleviate the risks associated with online payment acceptance. Merchants
shouldn`t have to worry about implementing add-on tools. With this solution,
merchants will now have the flexibility to obtain an integrated payment platform
as part of a single, comprehensive service."
"First Data is an ideal partner for Accertify," said Jeff Liesendahl, CEO at
Accertify®. "Its market leadership in eCommerce and knowledge of customers`
environments has already proven to be beneficial for our joint solution.
Merchants that take advantage of the combined First Data eCommerce and Accertify
platforms will have tools to help stop fraud more efficiently, without the need
to develop their own solutions or significant supplements to other solutions
they may have purchased."
The agreement with Accertify, in conjunction with the tokenization and
encryption solution developed by First Data and RSA, called the First Data®
Secure Transaction ManagementSM service, dramatically redefines how merchants
manage and protect their customer payment data.
About Accertify
Accertify Inc. is a leader in providing e-commerce companies with software,
tools and strategies for preventing online fraud and mitigating enterprise-wide
risks. Our 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 unparalleled 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.
About First Data
First Data powers the global economy by making it easy, fast and secure for
people and businesses to buy goods and services using virtually any form of
electronic payment. Whether the choice of payment is a gift card, a credit or
debit card or a check, First Data securely processes the transaction and
harnesses the power of the data to deliver intelligence and insight for millions
of merchant locations and thousands of card issuers in 36 countries. For more
information, visit www.firstdata.com.
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First Data
Cara Crifasi, 303-967-6367
cara.crifasi@firstdata.com
or
Accertify
Carol Jouzaitis, 312-342-7304
cjouzaitis@accertify.com
Copyright Business Wire 2009
