ACI Worldwide and STS partner on epayment fraud protection
STS to integrate ACI's real-time fraud prevention technology with STS PayOne epayment services
ACI Worldwide and regional epay solutions provider STS have partnered to offer real-time payment fraud prevention services to merchants and acquirers in the MEA region.
Under the partnership, STS will integrate ACI's ReD Shield fraud prevention solution with the STS PayOne ePayment Gateway services. The solution is intended to reduce the risks of electronic payments, through the use of multiple smart techniques to identify and prevent payment fraud in real-time.
Commenting on the partnership, Janti Abdallah, STS PayOne general manager, said: "We strive to offer the best ePayment solutions to our clients, which includes providing the highest levels of security and fraud prevention. We were among the first to adopt and promote 3D Secure in the region, in addition to PKI and SSL encryption, not to mention achieving PCI-DSS compliance. The partnership with ACI Worldwide is in line with this eagerness to adopt best practices in fraud prevention and sustain our distinction and innovation."
Abdallah concluded: "We are seeing the need for smarter security measures and fraud prevention techniques in ePayments in the region, especially in the aviation, telecommunication and online retailing sectors. The integration of ACI ReD Shield into the STS PayOne payment gateway platform enhances our competitive advantage. The rich features of our joint solution, coupled with quality of service and cost efficiency, allow us to attract more clients in these target sectors."
Manish Patel, general manager, Middle East and Africa, ACI Worldwide, commented: "Through this partnership with STS PayOne, we can jointly deliver a robust integrated payments and fraud solution that will support the growth ambitions of merchants across the Middle East and Africa. This region is quickly moving toward becoming a cashless society, as the popularity of card and online payments increases. However, the growing eCommerce market also has to contend with a shortage of advanced fraud prevention technology and with varying levels of payment security between countries and across different payment methods. ACI is well positioned to deliver a rich portfolio of services that support merchants looking for payments innovation both in-store and online, coupled with the highest standards of security."