First Data, a global provider of electronic commerce and payment processing services, and Accertify, a provider of online fraud prevention tools, have entered into an agreement to integrate Accertify’s fraud prevention platform with First Data’s eCommerce processing gateways and platforms.
The integration will provide First Data with an end-to-end fraud deterrence solution. This solution will equip First Data’s customers with tools to help mitigate risk and reduce losses associated with fraud. The solution also eliminates the need for merchants to deploy separate payment and risk platforms. First Data will offer this combined solution to its 300,000 merchants globally that sell goods or services over the internet and in a card-not-present environment.
Souheil Badran, senior vice president and division manager of eCommerce at First Data, said: “The faceoff between fraudsters and merchants continues to escalate. Together with Accertify, we can leverage our knowledge and fraud prevention experience to equip our merchants with a cohesive solution to alleviate the risks associated with online payment acceptance.
“Merchants shouldn’t have to worry about implementing add-on tools. With this solution, merchants will now have the flexibility to obtain an integrated payment platform as part of a single, comprehensive service.”
Jeff Liesendahl, CEO of Accertify, said: “First Data is an ideal partner for Accertify. Its market leadership in eCommerce and knowledge of customers’ environments has already proven to be beneficial for our joint solution.
“Merchants that take advantage of the combined First Data eCommerce and Accertify platforms will have tools to help stop fraud more efficiently, without the need to develop their own solutions or significant supplements to other solutions they may have purchased.”
