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GIACT™ and Advanced Fraud Solutions Announce Strategic PartnershipDALLAS, Feb. 20, 2018 /PRNewswire/ -- GIACT Systems and Advanced Fraud Solutions (AFS) today announced a strategic partnership to enhance AFS's TrueChecks® solution with GIACT's EPIC Platform™. The joint solution gives retailers and other billers the ability to verify account status and investigate any history of account fraud, prior to accepting payment in order to reduce returned items. The partnership between GIACT and AFS will allow the two companies to jointly deliver payments fraud prevention software to the retail market at a level previously only available to financial institutions. Any business using draftable accounts to process or guarantee payments will now be able to take advantage of the powerful combination of AFS's TrueChecks database and GIACT's gVerify™ information when authenticating transactions. "In this age of rapidly-evolving fraud attempts, businesses of all types need to be constantly enhancing their ability to prevent fraud," said Lawrence Reaves, president and CEO of AFS. "Our partnership with GIACT will give our non-FSO customers a sophisticated set of tools to identify and prevent identity and payments fraud in real-time, all within the existing AF product suite." "The combination of GIACT's verification services with TrueChecks will be a powerful tool for retailers, billers and others to improve their ability to prevent payments fraud," said Melissa Townsley, co-founder and CEO of GIACT. "We are pleased to partner with AFS to bring the EPIC Platform to a larger network of businesses nationwide." About AFS About GIACT View original content with multimedia:http://www.prnewswire.com/news-releases/giact-and-advanced-fraud-solutions-announce-strategic-partnership-300600429.html SOURCE GIACT |