Atlanta, GA, 11th September 2015 - Global Risk Technologies, a leading technology company with over a decade of remediation experience, which provides end-to-end loss prevention services and solutions to Issuers, Acquirers and Merchants across the world, today announced that it has signed a strategic partnership with QPS Inc., a market leader in addressing opportunities in global payments industry covering Card Processing, Payments Processing, Fraud & Risk Management and Analytics solutions for both Acquirers and Issuers.
This partnership empowers Global Risk Technology with QPS's next-generation fraud management technology, integrated with 24X7 human intelligence and surveillance. This indeed is the first of its kind offering in the industry, particularly for the small and medium enterprise (SME) merchants, ISOs, PSPs and other payment service providers. The service offering will not only mitigate existing fraud but proactively identify fraudulent trends and preempt fraud before it occurs.
Unlike other solution providers who aim to solve only one problem; order review and automated fraud alerts, No-Chargeback Guarantee and Reconciliation are an integral part of this joint service offering. This will not only help in fraud prevention and detection, but also help in safeguarding the reputation of merchants and aiding in a viable scoring matrix for issuers alike.
"We have always respected QPS, specifically their management team, tools, and philosophy. Our partnership will provide a much needed, comprehensive package to help not only diagnose, but treat the symptoms and origins of payment fraud; specifically focused on US card-not-present activity. Much of the friction we are currently seeing as fraud claims grow can be directly related to industry overwhelm due to lacking infrastructure and merchant acumen. The benefit of our partnership will bring collaboration and integrated intelligence to help identify and reduce the negative impacts of fraud for issuers and merchants alike" said Gary T. Cardone, CEO, Global Risk Technologies, Ltd.
"We are very excited to partner with Global Risk Technologies. We believe that the best approach to fraud prevention is through both technology and human intervention and this belief is endorsed by our partner as well. We are confident that together we can bring best-in-class practices and solutions with world-class technology to identify and prevent fraud, which is a major pain-point especially for smaller merchants. With this partnership, merchants of all sizes can depend on us for combating fraud while they continue to focus on rapid, risk-free revenue growth" said Raman Roy, Chairman, QPS Inc.
About Global Risk Technologies
Headquartered in Dublin, Ireland, with offices in Tampa, Florida and Scottsdale, Arizona; Global Risk Technologies provides a comprehensive and highly scalable enterprise solution for chargeback compliance, loss management, fraud management and merchant sustainability services to acquirers, card issuers and e-commerce merchants. The company owns two patents and specializes in identifying and predicting consumer fraud trends.
For more information, please reach out to us at www.globalrisktechnologies.com
QPS is a leading service provider to Financial Institutions, Merchants and to the Payment processing industry worldwide. The company offers an integrated suite of risk management services across the entire risk cycle spanning credit, fraud and portfolio management. QPS's services include Analytics, Transaction Monitoring and a host of proprietary risk management platforms for Card Issuers, Acquirers, Processors, Online Retailers, Merchants, Banks, Credit Unions, Prepaid and Alternate Payment Providers.
The company is uniquely positioned to offer superior fraud protection, providing unmatched ROI to merchants, financial institutions, payment gateways, processors and program managers.
For more information, please reach out to us at www.qpsinternational.com