October 24, 2002, 12:00 AM

Retail Decisions strikes deal to offer outsourced LiveProcessor software

AssureBuy, an online payment processor, will become the first company to offer LiveProcessor as an outsourced service for its Internet merchants

Kurt Peters

Executive Editor

 

Retail Decisions Plc has is mkaing its LiveProcessor electronic payment software available to a reseller for the first time. The company announced this week that AssureBuy Inc., an online payment processor, will offer LiveProcessor as an outsourced service for its Internet merchants.

AssureBuy’s clients include Fortune 500 retailers, as well as small retailers, educational institutions, municipalities and associations. Its clients currently process nearly $1 billion in electronic commerce transactions annually.

Retail Decisions has more than 100 installations of LiveProcessor in the U.S. Customers complete an average of 13 million card-not-present transactions each month. "Our partnership with AssureBuy opens up an entirely new channel for our payment processing products and allows AssureBuy`s retailing customers to focus on their core competencies," said Carl Clump, CEO of Retail Decisions.

AssureBuy will integrate the LiveProcessor payment processing software within its existing ASP platform. AssureBuy will target merchants that do not have transaction volumes to warrant a direct LiveProcessor installation or that do not want to manage and operate the software in-house.

LiveProcessor combines online, call center, retail and voice transactions into one system and integrates real-time authorization, batch processing and settlement functionality with existing order processing, subscription and electronic commerce systems. Retail Decisions clients include Buy.com, Netflix, ShopNBC and Tupperware.

Retail Decisions also announced this week that payment processor and credit card transaction acquirer Paymentech will incorporate Retail Decisions’ ebitGuard product into its OnGuard suite of Fraud Management Solutions. EbitGuard is an e-commerce fraud detection and prevention service. Other processors offering the service are Chase Merchant Services, First of Omaha Merchant Services, Feds First E-Commerce Data Services and Mosaic Software.

EbitGuard incorporates neural technology, with a number of other processes, proprietary databases, specialist risk analysts and card-not-present experience to provide a real-time risk assessment service.

 

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