Menu
GFG to offer ReD's fraud and payment processing solution

GFG to offer ReD's fraud and payment processing solution

Under the agreement, GFG will offer ReD PRISM, a transaction monitoring and risk management solution to GFG’s banking and card processing clients.

New Zealand international payments software solution company GFG Group has formed a strategic partnership with fraud prevention provider ReD to provide an integrated fraud and payment processing solution.

Under the global agreement, GFG will offer ReD PRISM, a transaction monitoring and risk management solution to GFG’s banking and card processing clients.

Initially, the companies will focus on offering ReD PRISM to GFG clients in Asia and Latin America. GFG will provide integration and customer support services, while ReD will provide strategic fraud and risk consultancy and post-implementation second level support.

There’s been a huge increase in card volumes in the developing markets of Asia and Latin America in recent years.

PRISM employs both predictive neural and rules-based technologies to provide real-time and near real-time fraud decisions, enabling clients to keep pace with constantly changing patterns of financial transaction fraud.

GFG CEO Andreas Kazamias says card and payments fraud is escalating and becoming more sophisticated by the day. “Our card management solution, Cadencie, is online 24x7, which means all transactions are authorised in real time, significantly reducing fraud,” he says. “Cadencie includes a good rules-based risk management module but it has its limitations. Some of our clients are indicated their need for a more advanced risk management solution.”

GFG and ReD have been working together for the past six months to ensure the ReD PRISM upgrade path is seamless for the first of GFG’s clients.

More than 90 organisations in over 30 countries use GFG solutions. ReD’s fraud prevention services support merchants, issuers and providers, processors and switch networks worldwide.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags securitygfg Groupcard processingReD PRISMGFGReDpayment card solutionfraudPayment Card Industry

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments