Cross-Border eCommerce Community Initiated

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Payvision, PAY.ON, ReD and World IT Lawyers Launch New Community to Support the Global Expansion of Merchants, Payment Service Providers, ISOs and Acquiring Banks

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This initiative will help merchants to gain a better understanding of the countries and payment environments into which they are seeking to expand.

Today, Payvision, PAY.ON, ReD and World IT Lawyers announce the launch of the Cross-Border eCommerce Community (CBEC), a strategic initiative that aims to support merchants, payment service providers, ISOs and acquiring banks within the CNP payment industry, who are expanding their businesses globally, by offering key insights and information on every aspect of international eCommerce.

Initiated by Payvision, the CBEC is endorsed by Ecommerce Europe and The Paypers. The members have committed to invest in research and deliver up-to-date information about country-specific eCommerce facts & figures, mature and emerging markets, preferred payment methods, logistics, risk and fraud, and eCommerce legislation & regulation. The community is designed to become the industry’s cross-border eCommerce knowledge hub, offering a deeper understanding of the different influences on eCommerce and key insights that can help to drive international expansion, for the benefit of all stakeholders within the dynamic global eCommerce landscape.

Structured content such as country profiles, reports and infographics covering a broad range of markets – initially including France, Brazil, Japan, Germany, UK and the US - will be gathered and shared via The Paypers’s website within a dedicated section http://www.thepaypers.com/cross-border-ecommerce/, while the latest trends, opinion articles and editorials written by industry experts will be available via the http://www.crossborder-ecommerce.com microsite. Merchants, payment service providers, ISOs and acquirers around the world looking for global expansion will now have one-stop access to valuable information that can strategically support their cross-border eCommerce growth.

“As a global fraud prevention provider, ReD works with eCommerce merchants around the world,” said ReD CEO Paul Stanley. “We are very pleased to be part of an initiative that gives merchants access, in one place, to a wealth of information to support their international expansion. I hope the portal will be somewhere that merchants and PSPs re-visit time and again for new insights and updated facts and figures as they look to take advantage of new opportunities for cross-border eCommerce.”

“Cross-border eCommerce is a topic of interest to merchants across the globe. There is much to play for, but the challenges are also significant and this initiative will help merchants to gain a better understanding of the countries and payment environments into which they are seeking to expand. The contributing companies bring complementary experience to the table and the initial outputs combine a wealth of data and insight that isn’t available in one place anywhere else. I salute the companies involved in bringing this together,” said Johannes Ditterich, CEO Limango - Germany's leading web merchant and part of Otto Group.

About ReD

ReD is a world leader in fraud prevention and payment services. Our solutions are present at every stage of the payments value chain, supporting merchants and PSPs, issuers and acquirers, processors and switch networks in the fight against fraud.

ReD is different. We are flexible and independent of any card scheme. We protect billions of transactions across multiple channels and payment types. Our proprietary technology is underpinned by world class fraud and risk analysts and pooled data from more than 190 countries. Each customer receives a tailored, responsive and highly effective solution with day-to-day support from a dedicated, expert analyst.

ReD serves customers in multiple sectors and across six continents from offices in Australia, China, Dubai, South Africa, the United Kingdom and the United States, and through partners around the globe.

For more information, visit http://www.redworldwide.com.

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Helen Owen
Expression Marketing Ltd
+44 1702 257167
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Jennifer Schwegman
The CBK Group
651-247-6640
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