Global Risk Technologies partners with Quatrro Processing
Global Risk Technologies, a leading technology company specialising in chargeback compliance and risk management, announced that it has signed a strategic partnership with Quatrro Processing Inc., a market leader in addressing opportunities in the global payments industry covering card processing, payments processing, fraud & risk management and analytics solutions for both acquirers and issuers.
Global Risk Technologies’ new partnership with Quatrro’s next-generation fraud management technology offers a range of benefits for UK issuers and merchants unlike anything else. The smartly designed software is integrated with 24/7 human intelligence and surveillance, for managing risk within small and medium enterprise (SME) merchants, ISOs, PSPs and other payment service providers. The new service will not only mitigate existing fraud, but proactively identify trends and pre-empt fraud before it occurs.
Unlike other solution providers who aim to solve only one problem, an integral part of this new joint service offering is the availability of order review and automated fraud alerts, along with no-chargeback guarantee and reconciliation. This will not only help in fraud prevention and detection, but also assist in safeguarding the reputation of merchants, aiding in a viable scoring matrix for issuers alike.
“We have always respected Quatrro, 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 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 Cardone, CEO of Global Risk Technologies.
“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 of Quatrro.