Acquisition,
American Express,
Risk,
Fraud,
Machine learning,
Partnership,
Accel-KKR,
Carveout,
Growth,
Travel,
Online shopping MENLO PARK, Calif. and ITASCA, Ill., May 2, 2024 /PRNewswire/ -- Accel-KKR, a technology-focused private equity firm, today announced the successful carveout acquisition of Accertify from American Express (NYSE: AXP). As a standalone private company, Accertify will embark on a focused strategy to accelerate growth and product innovation in the global fraud protection technology market.
Key Points:
- MENLO PARK, Calif. and ITASCA, Ill., May 2, 2024 /PRNewswire/ -- Accel-KKR, a technology-focused private equity firm, today announced the successful carveout acquisition of Accertify from American Express (NYSE: AXP).
- Accertify is a leading provider of fraud prevention, chargeback management, account protection, and payment gateway solutions.
- The close of the transaction marks the culmination of a successful partnership between Accertify and American Express, during which Accertify experienced significant growth.
- American Express and Accertify plan to continue their partnership post close with Accertify remaining a trusted solution provider.
Retrieved on:
Wednesday, February 14, 2024
ITASCA, Ill. and LEEDS, England, Feb. 14, 2024 /PRNewswire/ -- Accertify, Inc., a wholly owned subsidiary of American Express, will help provide ASDA, one of the largest retail chains in the UK, with enhanced security across ASDA's eCommerce transactions as part of the company's digital transformation strategy.
Key Points:
- Accertify's real-time machine learning models and automated refunds will enable ASDA to adapt to evolving fraud trends while streamlining chargeback workflows.
- Accertify's solutions will help ASDA combat eCommerce payment fraud, improve customer experience and optimize related KPIs.
- "As a leading UK retailer, having the right fraud prevention capabilities that can adapt to the evolving fraud landscape is critical for ASDA," said Mark Michelon, President, Accertify.
- "Accertify has long demonstrated it is a leader in machine learning-based fraud prevention and chargeback management," said Craig Parkinson, Product Manager - Payments and Fraud, ASDA.
Retrieved on:
Tuesday, January 16, 2024
Corporation,
Knowledge,
Kirkland & Ellis,
Intelligence,
Fraud,
Accel-KKR,
Head,
Machine learning,
Barclays,
Corporate development,
Growth,
Online shopping MENLO PARK, Calif. and ITASCA, Ill., Jan. 16, 2024 /PRNewswire/ -- Accel-KKR, a technology-focused private equity firm, today announced that it has reached an agreement with American Express (NYSE: AXP) to acquire Accertify, a wholly owned subsidiary. Accertify is a leading provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Accertify's advanced technologies help protect many businesses and increase their operational efficiency. The customers of the business include 40% of the Top 100 online retailers, major global airlines, prominent sports betting platforms, and more. The investment will enable Accertify to accelerate its growth and product innovation in the global fraud prevention market as an independent entity. Terms are not disclosed.
Key Points:
- MENLO PARK, Calif. and ITASCA, Ill., Jan. 16, 2024 /PRNewswire/ -- Accel-KKR, a technology-focused private equity firm, today announced that it has reached an agreement with American Express (NYSE: AXP) to acquire Accertify, a wholly owned subsidiary.
- The investment will enable Accertify to accelerate its growth and product innovation in the global fraud prevention market as an independent entity.
- "We have experienced tremendous growth and accomplished so much with American Express; our thanks to Amex for their support and leadership."
- Barclays served as exclusive financial advisor and Cleary Gottlieb Steen & Hamilton LLP served as legal advisor to American Express.
Retrieved on:
Wednesday, October 4, 2023
Software,
Mobile,
Wireless,
Entertainment,
Internet,
Professional Services,
Data Management,
Technology,
Other Entertainment,
Security,
Finance,
Other Technology,
Casino,
Gaming,
American Express,
Sport,
IGaming Business,
Fraud,
Machine learning,
Moneyline PayNearMe , provider of the modern and reliable payments platform designed to manage the complexities of iGaming and sports betting, today announced a new technology offering with Accertify, Inc. , a wholly-owned subsidiary of American Express.
Key Points:
- PayNearMe , provider of the modern and reliable payments platform designed to manage the complexities of iGaming and sports betting, today announced a new technology offering with Accertify, Inc. , a wholly-owned subsidiary of American Express.
- Integration of Accertify’s fraud prevention technology into PayNearMe’s MoneyLine Platform lets iGaming and sports betting operators actively detect and reduce fraudulent fund withdrawals through a unified platform.
- “PayNearMe and Accertify can now empower our operators to proactively ensure their players are who they say they are, via intelligent access to Accertify’s community database which already protects many of the largest operators in the iGaming space,” said John Minor, Chief Product Officer, PayNearMe.
- Our machine learning, device intelligence and user behavior analytics are designed to prevent fraud and abuse while helping to maintain and grow iGaming and sports betting operators’ relationships with their players,” said Mark Michelon, President, Accertify.
Join Accertify and leading fraud experts to discuss the challenges confronting this growing problem.
Key Points:
- Join Accertify and leading fraud experts to discuss the challenges confronting this growing problem.
- Together these experts will provide insights into strategies and controls available to help merchants combat returns abuse without impacting relationships with their best customers.
- Accertify's latest solution, C.A.R.E., is helping merchants solve the growing claims, adjustments, returns, and exchanges problem.
- -- Accertify's returns abuse solution, please visit accertify.com/CARE
For more information on the conference and to see a detailed agenda, please visit https://merchantriskcouncil.org/events/2023/mrc-vegas-2023#.Y-1DduzML9A
Internet,
Finance,
Banking,
Data management,
Professional services,
Technology,
Mobile,
Wireless,
Security,
Merchant services,
Chargeback,
Computer access control,
Security,
Identity management,
Economy,
Identity fraud,
Identity theft,
Digital identity,
Internet fraud prevention,
Credit card fraud Accertify Digital Identity is a sophisticated API-based solution that empowers organizations to trust and verify who is on the other side of a digital interaction.
Key Points:
- Accertify Digital Identity is a sophisticated API-based solution that empowers organizations to trust and verify who is on the other side of a digital interaction.
- Fraudulent account openings, using stolen or fake names and information to open an account, and account takeovers, defined as unauthorized access to accounts, are two types of identity theft that are concerningly on the rise.
- By pairing Accertify Digital Identity with our fraud and chargeback management products, we have the first end-to-end protection that helps organizations defend the entire customer digital journey from account opening, to login, account activity, purchases and chargebacks.
- 1 Javelin Strategy and Research, 2020 Identity Fraud Study: Genesis of the Identity Crisis, April 2020.
