Global payment solution vendor ACI Worldwide is to acquire UK-based payment fraud prevention outfit Retail Decisions (ReD) for $205 million in cash. ReD’s suite of products includes solutions for merchants and payment service providers, issuers and acquirers, processors and switch networks.
ACI Worldwide is to acquire anti-fraud specialist ReD
According to ACI Worldwide, the ReD acquisition is another step forward in capitalising on the growth in online and mobile shopping, particularly as players across the payment value chain are trying to combat card-not-present (CNP) fraud. The market for CNP fraud prevention technology is expected to boom in the US over the coming years as US banks and retailers switch to EMV-based chip card technology.
Philip Hasley, president and CEO of ACI Worldwide, says the purchase of ReD will provide merchants with a one-stop shop for all of their fraud prevention needs across multiple online, mobile, and physical point-of-sale channels. The transaction is expected to close in the middle of the third quarter.
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