Risk Management Systems, Inc., (RMS) a provider of information services to card processors and acquirers, has signed an exclusive agreement with Shared Information Systems, Ltd., (SIS) to provide enhanced chargeback data to the industry. Under the terms of this agreement, SIS will continue to market its service directly to merchants, and RMS will have exclusive rights to the processor and acquirer sectors of the market.
SIS operates nochargebacks.com a fraud prevention solution for Internet, mail order, and direct marketing merchants (see Green Sheet lead story in issue 98:12:02). The service provides merchants with the resources necessary to make a calculated decision whether to accept or continue processing a credit card transaction by checking, among other things, past chargeback activity of the cardholder. "We don't make the Internet a safe place to shop; we make the Internet a safe place to sell," says Steve Peisner, President and CEO of SIS.
"The SIS offering fits very well with our strategy of utilizing the Internet as a safe, economical delivery mechanism," states Todd Linden, President and COO of RMS. "As we enjoy greater penetration of information-oriented products and services via the Internet, expanding the end users ability to determine suspect activity adds value to our product line."
RMS plans to allow access to the SIS database via its risk monitoring system as well as MercServ and MercView product lines. "SIS will clearly benefit from being associated with RMS' product lines as well as having access to the databases of participating processors. The more information you deposit into the program, the more effective the program becomes," notes Peinser. For more information, contact Catherine Boyer at RMS at (310) 235-2500, ext. 226 or Steve Peisner at (818) 878-9700.
