Credorax, ReD Form Strategic Alliance
Sept. 19, 2013
Credorax, an e-commerce acquirer and processor based in the Boston area, and antifraud technology provider ReD have partnered to offer an integrated processing and fraud-prevention solution to their customers. Credorax, which recently nabbed $40 million in venture financing, mainly serves PSPs, ISOs and online merchants in the 27 eurozone countries, but it also maintains offices in Israel and Tokyo. London-based ReD offers its solution to merchants, PSPs, issuers, acquirers, processors and switch networks.
“ReD and Credorax are both very experienced and knowledgeable in the European e-commerce sector, making us a good fit to support merchants looking to grow their online payments quickly while minimizing risk,” said Manish Patel, regional president of ReD. “This new agreement highlights ReD’s ability to partner right across the payments value chain.”