ReD Brings Fraud Prevention to FIS Customers in LAC Region

April 4, 2013

London-based fraud-prevention technology company ReD has been chosen by FIS to deliver antifraud services to the banking technology giant’s financial institution clients in Latin America and the Caribbean. The company said FIS is integrating ReD PRISM into its banking platform to enable real-time fraud decisioning on card purchases in a growing market that is in the midst of implementing EMV.

“FIS has a strong base of clients across the Latin America region and we expect to see strong growth in card payments over the next few years,” said Marcelo Annarumma, managing director of Latin America & Caribbean at FIS. “The changes associated with the implementation of EMV and an increasing focus on e-commerce will bring significant challenges for card issuers, acquirers and retailers. The combination of FIS and ReD will enable banks and retailers to take advantage of this anticipated growth with confidence, safe in the knowledge that they are enhancing their ability to effectively protect against fraudulent transactions.”