Tik Tek Solutions Chooses Accertify to Deliver Fraud Protection to Top Latin American Banks
Accertify's Fraud Prevention Solution Will Be Built into Tik Tek's New Mobile Payment Application
CHICAGO and MEXICO CITY, Nov. 7, 2011 /PRNewswire/ -- Accertify, a leading fraud prevention and risk management provider, today announced that it has signed an agreement with Tik Tek Solutions, a top online payment solution vendor in Latin America. Under the agreement, Accertify, an American Express company, will layer its fraud prevention solution upon Tik Tek's payment processing system for leading banks in Mexico and throughout Latin America and the Caribbean (LAC).
Tik Tek Solutions is a top payment processor in Mexico and works with the country's biggest banks. The company is currently developing a mobile payment solution for smart phones that will incorporate Accertify's fraud prevention platform, enabling Tik Tek to automatically identify and mitigate fraud within the rapidly growing mobile payment channel. Accertify's comprehensive platform will also reduce the amount of time Tik Tek spends investigating legitimate transactions across all payment channels, allowing their staff to focus on customer support.
"With their high volume of daily transactions and direct access to cash, banks have become a prime target for fraudsters whose tactics are becoming increasingly complex," said Eldred Garcia, Accertify senior vice president of business development in Latin America. "There is no one-size fits all solution for financial institutions. These companies need to constantly adjust their fraud fighting tactics, and Accertify provides the flexibility and easily adaptable fraud detection tool to stay one step ahead in the battle against fraud."
"The rapid validation and security of transactions is a top priority for our bank customers, given the large volume they manage every day," said Jaime Kisel, CEO of Tik Tek. "We decided to begin working with Accertify because their fraud prevention platform works in real time to more quickly and accurately identify questionable transactions than the competition."
Accertify's platform, with its multi-currency and multi-language capabilities, is an ideal and customizable fraud prevention and risk management solution for all types of businesses throughout Latin America. Accertify officially entered the LAC market in December 2010 and recently expanded its presence to Mexico and Brazil to support the company's fast-paced growth.
About Accertify
Accertify Inc., a wholly owned subsidiary of American Express, based in Itasca, IL, is a leader in providing e-commerce companies with hosted software solutions, tools and strategies for preventing online fraud and mitigating enterprise-wide risks. Its Interceptas® platform integrates every component of fraud prevention, applies state-of-the-art automation to each step in process and offers advanced capabilities for managing fraud data. Built with a merchant's perspective, Interceptas delivers flexibility in preventing various types of criminal behavior, including fraud related to card-not-present purchases, online scams and policy abuse, merchandise returns and exchanges and other data management challenges. Accertify is committed to providing online companies with the most cost-effective solution to fraud available. For more information, visit www.accertify.com.
About Tik Tek Solutions
Tik Tek Solutions, S. de R.L. de C.V., is a leading provider of e-commerce solutions, Internet payment platforms and fulfillment, that enable retailers, branded manufacturers and licensed brands. Tik Tek Solutions provides solutions for partners through its integrated e-commerce platform, which is comprised of costumer service, supporting infrastructure, marketing services and payment solutions. For more information visit: www.tiktek.com.mx.
SOURCE Accertify Inc.
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