The launch for PayU South Africa is one of two contracts recently secured with the group, with ReD also providing the ReD Shield fraud prevention solution to PayU's merchants in India. Both services successfully launched in September and the solution is now available to PayU merchants in both countries.
The integration of ReD Shield into the payment environment means that new merchants can now be up and running, with online payments protected instantaneously. Larger merchants and those with complex or distinct requirements can also take advantage of the system's team of expert analysts to create more highly tailored deployments of the solution.
The system uses an unlimited number of variables and an unrivalled global database of 'hot' cards to detect and prevent online fraud for many of the biggest companies in the world across the retail, banking, travel, gaming, telecom and broader ecommerce sectors. For every transaction, it acts in a split-second to assemble and analyse information and determine whether a payment is genuine.
It is widely recognised as employing some of the best risk analysts in the industry and has an established presence in South Africa, with local offices in Cape Town. The company already collates and distributes South African negative card files on behalf of issuing banks, providing up-to-date details of lost and stolen cards as they are reported across the country.
Commenting on the contract with ReD, Mark Chirnside, CEO of PayU Middle East and Africa, said, "We chose it for its unrivalled fraud expertise, speed of service and ability to provide a tailored solution to meet our needs. Its global footprint and strong presence in South Africa were also deciding factors for us."
Kami Boyer, director international partnerships and alliances at ReD, said, "We will provide the client and its merchants with a simple method of combining excellent payment transaction services with 'real-time, all-the-time' fraud prevention, through a single connection. We are delighted to have been selected and look forward to supporting the company as it expands into new continents."
For more information about ReD, go to www.redworldwide.com; for more information on PayU, go to www.payu.co.za.
