Philippines based VerifySmart. (VSC), secure and fraud free payment processing service provider has signed a five year agreement with Crown Mutual to provide VSC’s VerifyGateway and VerifyNGo suite of services.
Under the terms of the agreement, Crown Mutual will use the VSC solution to reduce fraud and chargeback rates associated with its high risk transaction volume across its customer base. VSC will receive a per transaction verification fee. The terms of this agreement are applicable for five year duration, renewable thereafter.
VerifySmart mandate is to market, sell and manage fraud prevention products and services as an exclusive licensee.
Crown Mutual Corporation provides debt recovery and high risk transaction processing services.
