The Auckland, New Zealand-based GFG Group and the Surrey-UK-based ReD are now strategic partners as the two seek to provide an integrated fraud and payments processing solution to clients worldwide.
The GFG Group is an international payments software solutions provider while ReD is a vendor fraud prevention solutions provider.
Banking, Card Processing Clients
A press statement by the GFG Group said that under the partnership, their vendor firm will offer the transaction monitoring and risk management solution, ReD PRISM to banking and card processing clients.
The GFG Group will provide integration and customer support services, while ReD will provide strategic fraud and risk consultancy and post-implementation second level support.
PRISM employs both predictive neural and rules-based technologies to provide real time and near real time fraud decisioning, enabling clients to keep pace with constantly changing patterns of financial transaction fraud.
The partnership will initially focus marketing efforts on GFG Group clients in Asia and Lain America.