In Other News: ACH (fraud); EBAY (Radial); ADS (Morrisons); and RISK (One).
ACH – ACH Alert has successfully stopped the disbursement of $615 million in fraudulent transactions last year. Leveraging the company’s customer-centric and proactive approach to fraud prevention, ACH Alert monitored a total of $80 billion in 2015 – a significant increase from the $38.2 billion monitored the previous year.
EBAY — eBay Enterprise and Innotrac have joined forces to become Radial, the largest omnichannel commerce technology and operations provider. Radial’s global platform combines decades of extensive operations experience with its proven technology platform to deliver retailers’ promises to their customers. Leading companies such as DSW, GameStop, Shoe Carnival and Destination XL currently enjoy Radial’s omnichannel solutions to enable a unified brand experience for their customers no matter how or where they’re buying – and their results are unmatched.
ADS -Alliance Data Systems announced that Precima, a consulting and analytics firm specializing in shopper insights and housed within its LoyaltyOne business, and U.K.-based Wm Morrison Supermarkets signed a new multi-year agreement to use Precima’s expertise in analyzing data and generating insights to improve customers’ shopping trips. Morrisons is a U.K. retailer with 492 stores, 117,000 employees, and about 11 million customers per week.
RISK – Risk Information has selected ProcessOne to manage its payment processing and daily cash reconciliation. Risk Information selected One’s cloud-based software to enable a customized payment experience for their conference attendees; specifically by having the ability to offer card-based payments and a more streamlined registration process in a data-secure environment.