WNS Partners with Accertify to Provide Fraud Prevention Solutions
July 29 2008 - 9:00AM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
business process outsourcing (BPO) services, today announced it has
formed a strategic alliance with Accertify, a provider of
leading-edge fraud prevention solutions to online retailers. The
alliance provides deep process management expertise in travel with
state-of-the-art online fraud detection technology. While the
travel industry has enhanced their online booking capabilities,
exposure to fraud is a major concern, costing the industry an
estimated $600 million a year. More than a third of airlines have
been hit by credit card fraud, which accounts for around 60
percent�of all external fraud-related losses. This partnership
brings together Accertify�s InterceptaTM which sorts through
suspicious transactions with WNS� process expertise necessary for
manual verification. The result is an automated and robust credit
card fraud defense capability at the point of sale. WNS delivers
business processes to the travel and leisure industry, including 18
global airlines, by offering a comprehensive suite of customer care
services, passenger revenue accounting and operations related
processes. Accertify�s InterceptasTM, is a proven solution for
combating card-not-present fraud built from the ground up by
experienced fraud prevention experts. �With online travel sales at
$250 billion in 2007, surpassing offline bookings, improved fraud
prevention and detection management is critical for travel
companies,� said Steve Reynolds, Managing Director, North America,
WNS Global Services. �This partnership with Accertify broadens our
service offerings and demonstrates our commitment to process
excellence and customer care for the travel industry.� �Credit card
fraud over the Internet is the primary cause for the growing fraud
problem and requires sophisticated monitoring processes,� said Mike
Long, Accertify Vice President and Chief Product Strategist. �The
Accertify and WNS partnership provides customers with the tools and
experienced fraud experts. At Accertify, our entire company is
dedicated 24/7 to fighting online credit card fraud. Not only do we
have a comprehensive and effective solution on the market, we have
a proven track record of significantly reducing customers� total
cost of fraud.� About WNS WNS is a leading global business process
outsourcing company. Deep industry and business process knowledge,
a partnership approach, comprehensive service offering and a proven
track record enables WNS to deliver business value to some of the
leading companies in the world. With over 22,000 employees, WNS is
passionate about building a market-leading company valued by our
clients, employees, business partners, investors and communities.
For more information, visit www.wnsgs.com. About Accertify
Accertify, Inc. is focused on developing fraud prevention tools and
strategies from the perspective of merchants that accept 'card not
present' transactions. That focus led to the development of
InterceptasTM which applies state of the art automation to every
step in the merchant's process of managing credit card fraud
exposure. Accertify exemplifies a constant commitment to
maintaining the best in fraud prevention strategies, and its
management team combines complementary skills from fraud
management, business software development, accounting and legal to
assure that its customers receive a comprehensive, cost-effective
solution to credit card fraud available. For more information,
please visit www.accertify.com. Safe Harbor Statement under the
provisions of the United States Private Securities Litigation
Reform Act of 1995 This news release contains forward-looking
statements, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These statements
include, without limitation, statements relating to the benefits
and other impact of the strategic alliance with Accertify�. These
statements involve a number of risks, uncertainties and other
factors that could cause actual results to differ materially
from�those that may be projected by these forward looking
statements. These risks and uncertainties include but are not
limited to technological innovation; telecommunications or
technology disruptions; future regulatory actions and conditions in
our operating areas; our dependence on a limited number of clients
in a limited number of industries; our ability to attract and
retain clients; our ability to expand our business or effectively
manage growth; our ability to hire and retain enough sufficiently
trained employees to support our operations; negative public
reaction in the US or the UK to offshore outsourcing; regulatory,
legislative and judicial developments; increasing competition in
the business process outsourcing industry; political or economic
instability in India, Sri Lanka and Jersey; worldwide economic and
business conditions, including a slowdown in the U.S. and Indian
economies and in the sectors in which our clients are based and a
slowdown in the BPO and IT sectors world-wide; our ability to
successfully consummate strategic acquisitions, as well as other
risks detailed in our reports filed with the U.S. Securities and
Exchange Commission. These filings are available at www.sec.gov. We
may, from time to time, make additional written and oral
forward-looking statements, including statements contained in our
filings with the Securities and Exchange Commission and our reports
to shareholders. You are cautioned not to place undue reliance on
these forward-looking statements, which reflect management�s
current analysis of future events. We undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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