ReD to Protect First Data E-Commerce Merchants in Mexico
Dec. 11, 2014
London-based ReD, the antifraud technology provider acquired by ACI Worldwide this summer , has partnered with First Data in Mexico to offer fraud protection to e-commerce merchants in Latin America. Under the agreement, First Data will make ReD’s Red Shield to its current clients and prospects in the region. The companies said they will focus their initial efforts in Mexico.
“Mexico is a high growth e-commerce market which, unfortunately, is also experiencing high levels of fraud,” said Flor Bicain, customer and partner director for Latin America at ReD. “The combination of high fraud levels, heightened consumer awareness and the implementation of EMV for in-store transactions in Mexico is driving ecommerce merchants to seek enhanced fraud prevention solutions to protect themselves and their customers.”