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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags fraudPayment Card Industrygfg GroupGFGpayment card solutioncard processingReD PRISMReD

Brand Post

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments