Forever 21 Enlists Accertify to Fight Fraud
March 15 2012 - 12:20PM
Business Wire
Accertify, a leading fraud prevention and risk management
provider, announced today that it has signed an agreement to
provide specialty clothing retailer Forever 21 with its
comprehensive and flexible fraud prevention solution. By using
Accertify’s platform, customized to Forever 21’s e-commerce
business, Forever 21 will elevate the efficiency of their
transactions and process reconciliations.
“Accertify understands the unique risk management needs of a
growing e-commerce business like Forever 21’s,” said Jeff
Liesendahl, President of Accertify. “Our platform has the
sophisticated data capabilities, flexibility, automation, and
built-in intelligence that will improve the management of Forever
21’s fraud prevention efforts. We also expect the use of our
platform to enhance the shopping experience Forever 21 offers its
customers.”
Forever 21, Inc., headquartered in Los Angeles and operating in
over 480 locations worldwide, offers consumers the latest fashion
trends in women’s and men’s clothing and accessories. Forever 21 is
growing their online presence internationally and is turning to
Accertify, an American Express company, to process and decrease
risk in Forever 21’s online transactions.
“With Accertify managing our fraud prevention program, we will
be able to redeploy our resources to further enhance our customer’s
online shopping experience, including customer service,” said Beth
Jain, Controller at Forever 21, Inc. “We selected Accertify to help
us fight fraud because they offer a proven solution that is
customizable to our particular needs. We are confident they will
limit our exposure to fraud-related risks as we work to rapidly
expand our e-commerce business.”
Accertify supports the risk management and fraud reduction
efforts of leading companies around the world. Its platform
integrates a complete e-commerce program, allowing merchants to
process online transactions, minimize fraud risks, and manage
payment disputes and measure outcomes. Forever 21 joins an
impressive roster of retail clients, including Abercrombie &
Fitch, Aldo, Gilt Groupe, and Urban Outfitters.
About Accertify
Accertify Inc., a wholly owned subsidiary of American Express,
based in Itasca, IL, is a leader in providing e-commerce companies
with hosted software solutions, tools and strategies for preventing
online fraud and mitigating enterprise-wide risks. Its Interceptas®
platform integrates the various components of fraud prevention,
applies state-of-the-art automation to each step in process and
offers advanced capabilities for managing fraud data. Built with a
merchant's perspective, Interceptas delivers flexibility in
preventing fraud related to card-not-present purchases, online
scams and policy abuse, merchandise returns and exchanges and other
data management challenges. Accertify is committed to providing
online companies with the most cost-effective solution to fraud
available. For more information, visit www.accertify.com.
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