Accertify and Signifyd Announce Relationship to Provide Financial Guarantee Against Chargebacks

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Itasca, Ill. and San Jose, Calif. – October 27, 2016 – Accertify, Inc. and Signifyd, two of the leading providers of ecommerce fraud solutions for merchants, today announced an agreement under which Accertify will integrate Signifyd’s service into its fraud-management platform for enhanced fraud screening.  Accertify merchants who use the service will qualify for Signifyd's fraud free guarantee, under which Signifyd will pay for any fraud-related chargeback costs stemming from a transaction that was approved by Signifyd.

“Accertify is focused on helping  merchants lower their online fraud costs by stopping bad transactions and allowing more good transactions to go through,” said Lorenzo Soriano, president of Accertify. “As the fraud landscape continues to evolve, Accertify is adding more capabilities to meet the needs of our clients. Our relationship with Signifyd will enable merchants to continue to benefit from the breadth of Accertify’s Interceptas® Platform while taking advantage of the financial protection Signifyd offers to its clients.”

Under the agreement, Accertify will integrate Signifyd’s service into the Interceptas Platform. This allows Accertify merchants to send select transactions to Signifyd for fraud guarantee protection without needing to do additional technical integration. Merchants will be able to automatically send  transactions deemed higher risk to Signifyd for additional screening. This can help merchants better manage increased transaction volume during busy shopping seasons and potentially generate additional sales by allowing them to approve more transactions.

“Signifyd focuses on helping merchants scale their revenues without the fear of fraud ,” said Raj Ramanand, CEO and Co-founder of Signifyd. “Our proprietary machine learning technology allows us to approve more orders for merchants while offering a financial guarantee.”

Accertify clients who are interested in more information can contact their Accertify account manager.

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. For more information, please visit www.accertify.com.

About Signifyd

Signifyd was founded on the belief that e-commerce businesses should be able to grow without the fear of fraud. Signifyd solves the challenges that growing e-commerce businesses persistently face: billions of dollars lost in chargebacks, customer dissatisfaction from mistaken declines, and operational costs due to tedious, manual transaction investigation. Signifyd's financial guarantee in the case of chargebacks, is supported by a full-service machine learning platform that automates fraud prevention, allowing businesses to increase sales and open new markets, while reducing risk. Signifyd is in use by companies on the Fortune 1000 and Internet Retailer Top 500 list. Signifyd is headquartered in San Jose, CA. For more information, please visit www.signifyd.com

Media Contact:

Andrew Johnson

American Express

212-640-8610

andrew.r.johnson@aexp.com