June 17 2007

RBS adds data sharing to fraud management package

The Royal Bank of Scotland is offering the Ethoca data-sharing service as part of its expanding range of customer-not-present fraud management tools for retailers. The service, which gauges the fraud-risk associated with any given transaction, will be made available to customers of RiskGuardian, RBS' specialist risk management solution.

Both Ethoca and RBS believe that data-sharing is the key next step in fraud management and look to other banks, businesses and agencies to join up to the Ethoca service to help ethically and effectively work together in the fight against fraud.

Press release follows:

RBS will offer this unique data-sharing service to its global list of existing e-commerce customers. Merchants already using PaymentTrust for payment or fraud management-related services will have access to the service through their existing integration.

By expanding its fraud management offering, RBS expects to attract additional merchants to its growing customer base and will be actively promoting the strategic value of this new service.

RBS and its companies form one of the largest payment processing organizations in the world. Ron Kalifa, managing director of RBS Retailer Solutions comments: "Effective data-sharing is without doubt a key next step in battling fraud in internet commerce and customer-not present environments. By adding Ethoca to RBS's payment platform and its RiskGuardian suite of CNP risk tools, merchants can safely share data for purposes of fraud management, via a highly secure and easily integrated platform. RBS is confident that it can make a significant impact on fraud rates and profits for its customers."

Emma Herrod