Under a three year deal, PayU will be rolling out ReD Shield to help its e-commerce customers across South Africa fight online fraud.
In September 2012, ReD has also launched its ReD Shield fraud prevention solution to PayU’s merchants in India. ReD Shield uses a number of variables and a global database of ‘cards to detect and prevent online fraud for companies in the world across the retail, banking, travel, gaming, telecom and broader ecommerce sectors. For every transaction, it assembles and analyses information and determine whether or not a payment is genuine.
PayU processes approximately 65 percent of the e-commerce transaction value in South Africa. ReD delivers it payment fraud prevention and payment processing services to international clients ranging from global telecommunications to retail, travel, petroleum, banking and the e-commerce sectors. The company has offices in the UK, US, China, Australia and South Africa.
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