Time For Fun Taps Accertify to Manage Fraud Prevention Efforts

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Leading Latin American Entertainment Company Ramps Up Fight Against Fraud

CHICAGO and SÃO PAULO – July 24, 2012 - Accertify, a leading fraud prevention and risk management provider, today announced it has signed an agreement that includes fraud and managed services with Time For Fun (T4F), one of the largest live entertainment companies in Latin America. Under the agreement, Accertify, an American Express company, will manage all of T4F’s fraud prevention efforts.

With operations in Brazil, Chile and Argentina and more than 14 million tickets sold to date, T4F is the fourth-largest live entertainment company in the world. The company promotes and is a ticketing agent for a wide variety of events from live music shows and performing arts to exhibitions and sporting events.  T4F will leverage Accertify’s comprehensive risk management solution to identify and prevent the constantly evolving and sophisticated tactics of fraudsters while significantly reducing the internal resources T4F devotes to fraud monitoring, detection and resolution.  Accertify’s platform provides multi-currency and multi-language support across channels ranging from online and call centers to mobile kiosks.

“By having Accertify fully manage our fraud program, we will be able to focus on our core business and continue to expand in the region and beyond. We selected Accertify to support our fraud prevention efforts because they offer a proven solution that also meets the unique needs of our international business, such as the ability to accept payment from international credit cards,” said Luciano Touguinha, Managing Director of T4F.  “The nature of our business requires a flexible system to protect us from the growing threat of online fraud and one that can be updated in real-time to adapt to market conditions.  We are confident in Accertify’s ability to minimize our exposure to scams while allowing us to offer superior customer service to our legitimate customers.”

Accertify’s platform will be customized with sophisticated rules tailored to T4F’s business that identify and protect against card-not-present fraudulent transactions, while continuing to meet customers’ expectations regarding real-time fulfillment. Accertify will manage payment data from T4F, such as chargeback data, and create an automated screening process that monitors and flags all suspicious transactions.  

“T4F is transforming the entertainment industry in Latin America and has made the region an important stop for major international attractions. With its incredible growth trajectory and operations and customers in many countries, T4F needs a partner with global reach and flexible, localized programs to protect it from the growing threat of online fraud,” said Luis Fernando Barros, Accertify Vice President and General Manager, Brazil & LAC.  “Our experienced team will help T4F reduce its vulnerability to payment fraud and allow it to focus on bringing high-quality entertainment to the people of Latin America.”

Accertify’s platform, with its multi-currency and multi-language capabilities, is an ideal and customizable fraud prevention and risk management solution for all types of businesses throughout Latin America. Accertify officially entered this market in December 2010 and recently expanded its presence to Mexico and Brazil.

About Accertify

Accertify Inc., a wholly-owned subsidiary of American Express, is a leading provider of fraud prevention, chargeback management, and payment gateway solutions to merchant customers spanning diverse industries worldwide.  Accertify’s suite of products and services help e-commerce companies grow their business by driving down the total cost of fraud, simplifying business processes, and ultimately increasing revenue.  To complement these solutions, Accertify also offers its customers a best-in-breed portfolio of support, professional, and managed services that empower companies to focus on growing their business, rather than on the underlying technology of their e-commerce systems.  For more information, please visitwww.accertify.com.

About Time for Fun
The largest live entertainment company in South America, with operations in Brazil, Argentina, Chile and Peru, TIME FOR FUN is a publicly traded company that owns main theaters in Sao Paulo, Rio de Janeiro and Buenos Aires. Appointed in 2010 by Billboard Magazine as the third largest producer of shows in the world, T4F has produced presentations from renowned national and international artists. T4F is responsible for the Brazilian tours of U2, Madonna, Roger Waters, Pearl Jam, Ozzy Ozbourne, Bon Jovi, Cirque du Soleil shows, Blue Man Group, Disney on Ice and Circus of China. The company is Vicar´s parent company and is the promoter of Copa Caixa de Stock Car, Copa Petrobras Brands, Montana and Chevrolet Cup Mini Challenge, and has held the seasons of major musicals produced in Brazil and shows "Painted Bodies", "Bodies: Real and fascinating," "Leonardo da Vinci: the Exhibition of a Genius" and "Titanic - Real Objects, Real Stories. "

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Contact:

William Tsang

American Express

212-640-0933

William.D.Tsang@aexp.com