Loss prevention firm Global Risk Technologies and Quatrro Processing have entered a strategic partnership to take advantage of the growing demand for fraud technology following major data breaches.
The deal will integrate some Quatrro fraud management technology into Global Risk's package in an attempt to broaden the amount of risk services available in a single service.
The pair issued a news release arguing that this would boost Global Risk's ability to proactively identify fraud attempts.
"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," the statement said. "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."